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India's rice export prices were unchanged week on week, with 5% broken parboiled quoted at $361-366 per tonne despite a sharp rupee fall. Planting is lagging about 24% year on year due to scanty rainfall, and Vietnamese and Thai prices were also steady to firm.
Lagging Indian plantings and weak rainfall raise the risk of lower output, which could support global rice prices.
brecorder.comReutersJul 15, 2022After 179 past bullish weather events, RICE moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Not enough comparable past events yet for a historical read.
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.
