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Demand for Indian broken rice has risen after parboiled prices surged over the past 10 days, following an increase in the paddy minimum support price and Bangladesh cutting its rice import duty. Indian parboiled rice remains competitively priced below Pakistan and Thailand, and China is buying broken rice.
Stronger export demand for Indian broken rice and a higher support price support Asian rice prices, though Chinese buying may slow after its harvest.
thehindubusinessline.comSubramani Ra MancombuJul 5, 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.
