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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 2022Na 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 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.
