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India has cut the quantities of rice, potatoes, onions and dal it exports to Maldives free of restrictions by half or more, and reduced wheat flour to a minimal level. The move comes amid strained diplomatic ties as Maldives moves closer to China.
Maldives imports all its food.
The cut in restriction-free exports is a small change in a tiny market, so its direct effect on rice and wheat prices is minimal.
business-standard.comSubhayan ChakrabortyJun 24, 2018After 100 past neutral policy events, RICE moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
