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Basmati rice rose about 10% in June 2020 to $1,000-1,200 a tonne from $900-1,100 at the end of May. Demand surged from Indian households and overseas buyers after the 70-day nationwide lockdown disrupted supply, and pipeline stocks ran down.
The Karnal basmati paddy spot price also rose 10% in a month.
Pipeline restocking on top of disrupted supply tightened basmati availability and lifted prices. Buyers should expect firm aromatic rice values while export demand holds.
business-standard.comDilip Kumar Jha01.07.2020Nach 189 vergangenen Ereignisse (bullisch, Handel) bewegte sich Paddy-Reis im Median über 5 Handelstage um +0,2 % (52% höher; mittlere Hälfte -1,7 % bis +2,4 %) und über 20 Handelstage um +1,0 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Strong June basmati price gains from domestic and export demand after lockdown disruptions and depleted pipeline stocks signal firm Asian rice demand that could support US rough rice futures.
