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India's government cut the export duty on parboiled rice to 10% from 20%, effective immediately, with similar cuts for husked rice and paddy. The move follows storage pressure from last year's stock as the new crop procurement starts on October 1.
The duty had been raised in August 2023 after a poor El Niño monsoon.
Lower export duties make Indian parboiled rice more competitive abroad and add supply to global markets. Clearing storage also means more rice available for export, which is bearish for rice prices.
livemint.comDhirendra Kumar2024/09/27
reuters.comRajendra Jadhav2024/09/27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 cut in export duty on parboiled rice to 10% on Sept 27 adds to the export supply outlook, reinforcing the bearish move, though it is a secondary factor.
