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Parboiled rice prices rose this week as demand improved in India and Thailand, with Indian 5% broken parboiled quoted at US$445 to 453 per tonne, its highest since October. Indian 5% broken white rice also rose, while Vietnamese traders reported stagnant sales.
The article links the rally to India scrapping its export tax on parboiled rice and removing a floor price on non-basmati white rice.
Removal of India's export tax and floor price opens more supply to world buyers, and renewed import orders are lifting global rice values. Feed-grade broken rice is typically priced off these export quotes.
thailandtv.newsTheThaigerDec 1, 2024
thethaiger.comPuntid TantivangphaisalNov 29, 2024After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
