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India's government revised its export policy for non-basmati white rice from prohibited to free, subject to a $490 per tonne minimum export price. The Finance Ministry had cut the export duty on several rice categories from 20% to 10% a day earlier.
The DGFT notification took effect immediately.
Reopening exports of non-basmati white rice adds supply to world markets and typically weighs on prices. The minimum export price limits downside but still allows significant overseas sales.
indianexpress.comExpress News Service2024/09/28
reuters.comMayank Bhardwaj, Sethuraman R, Rajendra Jadhav2024/10/01過去の弱気な政策イベント100件の後、籾米 は5営業日で中央値 -0.1% 動き（49% が上昇。中央50%は -1.7% から +1.6%）、20営業日では +0.1% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
The DGFT policy change from prohibited to free exports took effect immediately, which increases exportable Indian supply and triggered the selloff.
