India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth$ 1 billion, on the world market, dealers said on Friday....
Anticipating that the government would impose restrictions on rice exports, traders have obtained letters of credit( LCs), or payment guarantees, over the past few days, said a Mumbai-based dealer with a global trade house....
" But the trade wasn't expecting the government to impose res
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2023-07-22 00:00:00.0