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Bangladesh's tender for 50,000 tonnes of parboiled rice saw Indian exporter Pattabhi Agro Food post the lowest bid at $477/tonne CIF. Indian exporters say removing the minimum export price and export duty helped them compete globally.
Competitive Indian offers near $477/tonne signal lower global rice export prices now that the MEP and duties are gone.
thehindubusinessline.comBL New Delhi BureauNov 7, 2024After 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.
