Given that the DGFT has relaxed the export prohibition on broken rice, demand in buying rice inventories may increase.
However, neither the exporters of rice nor the Indian gov can afford to impose this export ban on other rice exporters for an extended period of time.
Expert Avinash Gorakshar advice on investing in rice stocks
If one dips, they might consider purchasing rice stocks from KRBL, Kohinoor Foods, and LT Foods, among others.
From April through September of this fiscal year, rice exports amounted $5.5 billion. In 2021–2022, it was $9.7 billion.
This came after a 20% tax was imposed on non-basmati rice exports in an effort to boost local supply after retail market prices surged.
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