Loading…
India raised the minimum support price for common paddy from Rs 1,550 to Rs 1,750 per quintal for this season. Exporters warn the increase will erode price competitiveness for non-basmati rice, which is mostly shipped to African markets.
A higher Indian support price lifts the floor for domestic and export rice costs, reducing India's competitiveness and likely supporting global rice prices.
indianexpress.comHarish DamodaranJul 14, 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.
