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India's poultry sector has begun using 100% broken rice as animal feed, following China and Vietnam, while some exporters warn this could complicate sourcing of broken grain for shipments. USDA noted Indian rice quotes are static and below wheat and corn export quotes.
Diverting broken rice to feed and ethanol tightens exportable supply and could lift broken rice export prices, while cheap rice is a substitute for pricey corn and wheat in feed rations.
thehindubusinessline.comSubramani Ra MancombuApr 11, 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.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
