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India's rice exports rose 3.5% in 2022 to a record 22.26 million tonnes despite the September export curbs. Buyers in Asia and Africa kept purchasing on competitive prices, and India shipped more than 2 million tonnes in December alone.
Strong Indian export demand tightens available supply in global rice markets and supports prices, even with curbs in place. Buyers are relying on Indian supply because other origins are limited.
gulf-times.comReuters/ MumbaiJan 31, 2023
malaysianow.comReutersFeb 1, 2023After 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.
