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Indian rice export prices fell for a third straight week to a 15-month low, with 5% broken parboiled quoted at $440-447 per tonne. The decline reflects rupee depreciation and higher supply, and African demand is firm as buyers take advantage of lower prices.
A weaker rupee lets Indian exporters cut dollar prices, which pressures global rice benchmarks and reduces the cost of rice in feed markets.
brecorder.comReutersNov 8, 2024After 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.
