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Indian curbs on rice exports, including the ban on white and broken rice, have caused a 2 million tonne global supply shortfall. Global carryover stocks may fall by 5-8 million tonnes, and analysts expect volatile prices.
The International Grains Council says India will still be the top exporter in 2023/24, though shipments are down.
A supply gap and shrinking carryover stocks push global rice prices higher and increase volatility. Importers in Asia and Africa will face higher costs and tighter availability.
thehindubusinessline.comSubramani Ra MancombuJan 16, 2024After 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.
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.
