# Prices drop to mid-November lows as India reels from COVID-19 surge - Markets - Business Recorder

> Indian rice export prices fell to their lowest since mid-November as the government released state stocks to help people hit by the COVID-19 surge, which has pushed infections past 21 million. Bangladesh approved a tender to buy 50,000 tonnes of Indian rice by rail, while Vietnamese 5% broken rice rose to $490-$495 a tonne on importer orders.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/11300-prices-drop-to-mid-november-lows-as-india-reels-from-covid-19-surge-markets
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher Indian state stock releases add rice supply and pressure Asian export quotes, while Bangladesh's import demand and Vietnamese buying provide partial support. Net effect is softer Indian quotes with firmer Vietnamese prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-09-21 | [Asia rice: India’s export curbs stall trade; prices in other hubs decline - Markets - Business Recorder](https://feedsoft.ai/events/34185-asia-rice-india-s-export-curbs-stall-trade-prices-in-other-hubs-decline-markets.md) | +1.3% | -0.6% |
| RICE | 2026-03-05 | [Asia rice: India rates ease as supply mounts and rupee falls, Vietnam prices steady - Markets - Business Recorder](https://feedsoft.ai/events/20262-asia-rice-india-rates-ease-as-supply-mounts-and-rupee-falls-vietnam-prices.md) | +5.1% | +8.1% |
| RICE | 2019-02-05 | [India's April-December rice exports drop 10%, pulses surge](https://feedsoft.ai/events/60553-india-s-april-december-rice-exports-drop-10-pulses-surge.md) | -3.8% | -1.9% |
| RICE | 2019-10-03 | [Asia rice-waning demand prompts Indian, Thai exporters to lower prices - The Business Times](https://feedsoft.ai/events/56650-asia-rice-waning-demand-prompts-indian-thai-exporters-to-lower-prices-the.md) | +2.5% | -0.1% |
| RICE | 2019-12-20 | [Rice Exports from India Fall, Prices Recover after Hitting 5 Year Low - Grainmart News](https://feedsoft.ai/events/55558-rice-exports-from-india-fall-prices-recover-after-hitting-5-year-low-grainmart.md) | +1.8% | +4.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40090851

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.