“More restrained” supplies, further easing of restrictions on U.S. exports, and potentially lower grain costs are all expected to contribute to an improved outlook.
China announced restrictions on gallium and another mineral, germanium, in a move seen as part of the country’s tit-for-tat trade war on technology with the U.S. and Europe.
The latest ruling by the South Asian nation, which has already imposed restrictions on wheat and sugar exports, would affect about 25% of total rice shipments from India.