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US consumers are panic buying rice after India's ban on non-basmati white rice exports took effect on July 27. Prices in India rose about 10% over the month.
Chicago rough rice futures gained more than 4% over the past month.
Export restrictions from the largest rice exporter and a rise in CBOT rough rice futures point to firmer global rice prices.
libertynation.comAndrew Moran31 jul 2023Tras 168 eventos alcista de política pasados, Arroz cáscara se movió una mediana de +0,8 % en 5 sesiones (57% al alza; mitad central entre -1,7 % y +2,1 %), y -0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The ban took effect July 27 and US consumers began panic buying, adding demand pressure and sentiment support to Chicago rough rice futures just before the move.
