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Indian rice remains price-competitive despite export curbs and a 20% duty on non-basmati white rice, with 5% broken quoted near $397 a tonne versus about $365 in mid-September. Rivals Thailand, Vietnam and Pakistan are quoting higher prices, though exporters report customs documentation delays.
Indian rice undercutting competitors keeps demand flowing to India despite curbs, which limits upside in global rice prices even as Indian export prices have climbed.
thehindubusinessline.comSubramani Ra MancombuNov 29, 2022After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
