India's Chaman Lal Setia down on govt ban on major rice exports

Chaman Lal Setia Exports

21/07/2023 07:05

** Shares of rice processing company Chaman Lal Setia Exports  CLSE.NS  fall
as much as 3.2% to 175.55 rupees, marking sharpest intraday pct loss since July
10
    ** Indian govt on Thursday imposed a ban on export of non-basmati white rice
after retail prices rose 3% in a month as heavy monsoon damaged crops
    ** Global rice prices expected to climb after the export ban as India
accounts for 40% of rice exports
    ** More than 125,000 shares change hands by 11:12 a.m. IST, 0.8x the 30-day
avg 
    ** Stock up 38.5% so far this year, as of last close

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))