Loading…
Indian 5% broken parboiled rice export prices fell to their lowest in over five years, quoted at $350-354 per tonne. The rupee's record low against the dollar boosted exporter margins while supplies remained ample.
Buyers are seeking 100% broken rice as a cheaper replacement for corn in animal feed.
Cheap broken rice as a feed substitute for corn increases feed-grade demand for rice and pressures corn's relative value. Weak rupee and ample stocks keep export prices low.
ft.lkJun 3, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
