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Indonesia's state food agency Bulog approached rice exporters outside India to buy rice for domestic needs, and sought at least 0.5 million tonnes. Indian exporters objected that Bulog was overlooking Indian rice, which is the only source of the broken rice it wants.
A sizeable Indonesian tender for rice would draw demand from Thai and Vietnamese supplies, which tends to support export prices.
thehindubusinessline.comSubramani Ra MancombuDec 2, 2022After 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.
