Rice prices have been on surge over the last week. Prices are up almost $2/ton, and further price increase can be anticipated due to weak monsoon. There is a cabinet meeting scheduled today to discuss over reforms to boost the sector. Kohinoor foods, KRBL, LT foods may rise on this development. We have been recommending KRBL, and Kohinoor foods over the last few days
Cabinet is also expected to come out with revised unread policy today to support domestic urea producers. Expect increase in import parity prices. FACT and RCF must be on radar
