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Global white rice quotes have fallen to around $600 per tonne, with Indian parboiled rice near $515-520 free-on-board. Analysts expect prices to firm around June-July once production and monsoon outlooks clear and India potentially eases export curbs.
Lower current rice quotes reflect slack demand and Indian customs scrutiny, but possible easing of Indian curbs after elections could tighten supply and lift prices in the third quarter.
thehindubusinessline.comSubramani Ra MancombuApr 26, 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.
