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India's CBIC has notified an export duty exemption for specified rice varieties, covering husked, milled and organic non-basmati rice but excluding parboiled and basmati. The notification takes effect under prescribed conditions.
Removing export duties on non-parboiled rice makes Indian supplies more competitive in world markets, adding export supply and pressuring global rice prices lower.
taxscan.inTaxscan TeamNov 1, 2022After 100 past bearish policy events, RICE moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% 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.
