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India's government lifted its ban on non-basmati white rice exports with immediate effect, subject to a $490 per tonne minimum export price. The DGFT issued the notification after the Finance Ministry reduced export duties on parboiled and other rice.
Rice exporters' association welcomed the move but questioned the 10% duty on parboiled rice.
Resumed white rice exports from India, the largest exporter, add supply to global markets and put downward pressure on prices. The price floor and remaining duties limit the size of the impact.
thehindubusinessline.comPrabhudatta Mishra, Subramani Ra Mancombu28 sep 2024Na 100 eerdere neerwaarts beleid-gebeurtenissen bewoog Padierijst zich mediaan -0,1% over 5 sessies (49% hoger; middelste helft -1,7% tot +1,6%), en +0,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
India lifted its ban on non-basmati white rice exports on Sept 28 with a $490/t floor, a major supply-side shock that the market priced in when trading resumed, driving the drop ending Oct 1.
