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India has eliminated many of the export curbs it imposed on rice shipments in 2023 with instant impact, as above-average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries. As the conflict in the Middle East escalates with Israel vowing to retaliate after the missile attacks by Iran, India Inc is bracing for a wider trade disruption across the key Red Sea route. The ASX200 dropped zero.4 per cent, with iron ore giants losing ground after Beijing lastly detailed plans to revive China’s ailing economic …

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