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China has granted phytosanitary clearances to 14 Indian rice exporters, including LT Foods and KRBL, after years of non-tariff barriers. Indian officials and trade sources say this opens China, the world's largest rice consumer and importer, to Indian non-Basmati rice.
New access to China adds export demand for Indian rice, which could firm Asian rice export prices and reduce Pakistan's share of the Chinese non-Basmati trade.
prelaunch.financialexpress.comBanikinkar PattanayakDec 3, 2016After 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.
