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Indian basmati exporters are benefiting from the government's ban on documents against acceptance, which has reduced payment defaults and improved prices. Exporters are now lobbying for a similar ban on non-basmati rice exports in the next marketing season.
If a DA ban is extended to non-basmati rice, it would tighten payment terms for buyers and could support Indian rice export prices, though the proposal is not yet policy.
agrimoon.comChirag GuptaJun 2, 2017After 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.
