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Pakistan's rice exports are likely to reach a record in the year ending June as India's export curbs push buyers toward Islamabad. Pakistan is offering 5% broken rice at about $640 per ton, up from $465 a year earlier.
Indian export restrictions are redirecting demand to Pakistan and lifting global rice prices, and the higher prices may bolster Pakistan's foreign reserves.
reuters.comRajendra Jadhav, Ariba ShahidJan 30, 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.
