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Indian 5% broken parboiled rice export prices rose to $357-362 per tonne, up from the prior week, as demand strengthened. Traders speculated India might restrict exports, though officials said no curbs were planned.
Bangladesh moved to allow private rice imports as domestic prices jumped.
Fears of Indian export curbs and Bangladeshi import demand support global rice prices and could pull buyers into forward contracts. Any actual Indian restriction would be a major supply shock.
brecorder.comReutersJun 10, 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.
