Loading…
Indian 5% broken parboiled rice prices eased to $390-$395 per tonne from $397-$404 as African buying slowed after a rally and the rupee weakened. Bangladesh is moving to curb hoarding by middlemen while domestic rice prices remain elevated.
India continues to keep its broken rice export ban and 20% white rice export tax in place.
Softer Indian export offers and slower African demand weigh on Asian rice prices. India's continued export restrictions limit how far supplies can expand to meet demand.
brecorder.comReutersMar 4, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
On 2023-03-04, easing Indian parboiled export prices as African buying slowed and the rupee weakened signal weaker global rice demand and price pressure, which plausibly weighed on rough rice futures in the window.
Indian export prices eased on 2023-03-04 as African buying slowed after a rally and the rupee weakened, signaling cooling international demand and lower benchmark prices during the decline window.
