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India will export 1 million tonnes of non-basmati white rice to Indonesia annually for four years, through the National Cooperative Exports Limited. The deal follows a surge in Indian inventories after earlier restrictions and a robust harvest.
Indonesia's 2024 output is estimated to fall 2.43%, which necessitates imports.
A multi-year government-backed sale of 1 million tonnes adds a firm outlet for Indian surplus rice, supporting export demand but signalling ample global supply that is bearish for rice prices.
hindustantimes.comZia HaqJan 2, 2025After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
