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India's rice exports are expected to fall by up to 10% this year due to import restrictions. Bangladesh has imposed an import duty on rice to limit imports largely from India, and the EU has tightened pesticide quality norms.
Part of the lost volume may be offset by direct rice shipments to China later in the financial year.
Lower Indian rice export volumes loosen supply for other exporters and weigh on Asian rice prices, while the Bangladesh duty and EU limits reduce demand for Indian product.
business-standard.comDilip Kumar JhaJun 15, 2018After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
