◂ Event Timeline

May 15, 2024TRADEIndia

India’s rice exports dip 27% in FY24 to 16.35 mt on shipment curbs

India's rice exports fell 27% in volume to 16.35 million tonnes in FY24 due to curbs on non-basmati shipments. Basmati exports hit a record 5.24 million tonnes, led by demand from West Asian buyers.

WHY IT MATTERS

Lower non-basmati exports tighten global rice supply, though record basmati demand partly offsets the decline in the overall market.

AFFECTSRough Rice▲

SOURCE
thehindubusinessline.comVishwanath KulkarniMay 15, 2024

Price reaction & history

Rough Rice▲bullishSO FAR1d +2.1%5d -0.7%20d -2.6%

After 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.

Feb 20, 2018Rice exports surge on strong demand, dip in Thai stocks - The HinduBusinessLine-1.0%
Jan 16, 2024Rice may surge further globally on Indian export curbs, supply shortage - The HinduBusinessLine+1.9%
Feb 25, 2021As more buyers queue up for Indian rice, 2020-21 exports set to top 16 million tonnes - The HinduBusinessLine+2.3%
Apr 11, 2022Indian broken rice exports likely to face supply problems - The HinduBusinessLine+4.9%
Nov 9, 2021Basmati exports to gain momentum as Iran lifts seasonal ban on rice imports - The HinduBusinessLine+6.1%

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.

Rough Rice RICE · GP ▸

——— · ·

Loading…