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USDA says India's broken rice export ban will eliminate a trade that grew 53% in 2021 and is estimated at 6.7 million tonnes. India supplied over half of global broken rice trade, and USDA expects total rice trade to contract in 2022.
Losing India's broken rice, a major source of cheap animal feed for China and Vietnam, shrinks global supply and shifts feed demand. This points to higher rice and feed-grain prices.
thehindubusinessline.comSep 14, 2022After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
