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India's government may face a difficult decision on whether to extend basmati geographical indication status to 13 districts in Madhya Pradesh. APEDA and ICAR oppose the extension, and the state has demanded it ahead of its elections later this year.
A GI decision would determine whether Madhya Pradesh's roughly 3 lakh tonnes of milled basmati can be sold as basmati, which affects export premiums and competition. The impact on global rice prices is limited.
indianexpress.comHarish DamodaranApr 12, 2018After 100 past neutral policy events, Rough 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.
