Loading…
Global rice prices have fallen over 10% in the past fortnight, following India's lifting of all export curbs and the arrival of new crops in Pakistan and Myanmar. Quotes show Indian 5% broken white rice at $444-448 a tonne, down from $488-492.
Lower Indian offers and new Pakistani and Myanmar supply are pushing down benchmark export prices, giving buyers cheaper feed-grade alternatives and signalling continued weakness in rice.
thehindubusinessline.comSubramani Ra MancombuOct 30, 2024Not 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.
