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Global rice prices rose 7-8% in the past month to a 15-year high, traders and exporters said, as end-of-season supply tightened. India's ban on white and broken rice shipments has left an estimated 16 million tonnes short in the global market, nearly a third of annual trade.
With India restricting exports and supply thin, buyers of broken rice and rice byproducts face firm prices and little near-term relief. Feed-grade rice byproduct costs are likely to stay elevated.
thehindubusinessline.comSubramani Ra MancombuDec 27, 2023After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
