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India allows rice exports backed by already issued letters of credit

India says it will allow cargoes of white and brown rice backed by letters of credit issued before September 9

Indian export curbs shake up rice market

MUMBAI: India’s recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders say, as Delhi’s protectionist move coincides with falling output in other major producing countries and rising global demand.

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