Indian 5% broken parboiled rice was quoted at $387-$392/t in the week to October 22, the highest in more than a year. The rise was driven by a stronger rupee and tight supplies, with production expected to fall for the first time in a decade after below-normal rainfall.
A production drop in India, the largest exporter, together with a firmer rupee raises export offers and supports global rice prices.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Not 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.