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Indian 5% broken parboiled rice prices fell $3 to $404-$408 per tonne, their lowest in five months, as the rupee weakened about 6% in 2018. Vietnamese 5% broken prices rose to $460-$465, the highest since August 2014, on stronger demand and limited supplies.
A weaker rupee lets Indian exporters cut dollar prices and gain competitiveness, pressuring global rice benchmarks, while Vietnam's firmer prices reflect tight supplies and Indonesian purchase plans.
bangkokpost.comReutersMay 17, 2018After 16 past bearish macro events, Rough Rice moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% over 20.
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.
