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India said it will allow rice cargoes backed by letters of credit issued before September 9 to be shipped overseas, easing curbs imposed on September 8 that banned broken rice exports and added a 20% duty. The move frees roughly 1 million tonnes of rice trapped at ports and follows a notice allowing 600,000 tonnes of unmilled rice to Nepal.
Releasing stranded Indian rice supplies adds export availability to a market where India holds over 40% of global shipments, which pressures Asian export prices lower, though the duty and broader curbs keep the overall supply tight.
thehindu.comReuters1 nov. 2022Après 100 événements politique baissier passés, RICE a varié en médiane de -0,1 % sur 5 séances (49 % de hausses ; moitié centrale de -1,7 % à +1,6 %), et de +0,1 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
India easing curbs by releasing about 1 million tonnes of stranded rice cargoes on Nov 1 is a trade-flow change that could move global prices, though it would mostly be bearish for export prices and the direction versus the US rough rice rise is unclear.
