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India's government asked rice millers to register with its plant protection agency so that Chinese authorities can approve them for exports. A phytosanitary protocol between India's Agriculture Ministry and China's customs administration is being finalized.
India currently ships only a small share of China's rice imports, which come mainly from Thailand, Vietnam and Pakistan.
Access for Indian mills to China, the largest rice importer, would add export demand and could firm Asian rice prices. The effect is modest until registrations and the protocol are finalized.
asiapacificex.comAPEX NewsMay 25, 2018
reuters.comNaveen ThukralMay 25, 2018
thehindubusinessline.comVishwanath KulkarniMay 16, 2018After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
