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India raised the guaranteed paddy purchase price by 13% from a year earlier to Rs 1,750 per 100 kg, ahead of the 2019 election. Exporters say India's rice exports are set to ease from October as higher prices make Indian cargoes less competitive against Thailand and Vietnam.
Higher Indian floor prices reduce its export competitiveness, shifting Asian and African rice demand toward Thai and Vietnamese supply and supporting global rice prices.
zeebiz.comReutersJul 11, 2018After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
