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Indian non-basmati rice exporters fear a sharp rise in the minimum support price for paddy, proposed at 50 per cent over production cost. They say India's rice shipments have already exceeded 10 million tonnes for April-January.
A higher Indian MSP would raise export prices and could erode India's competitiveness, supporting world rice prices if the increase is large.
thehindubusinessline.comVishwanath KulkarniMar 19, 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.
