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Indian rice traders have stopped signing new February export contracts because a shortage of freight trains has blocked over 500,000 tonnes of non-basmati rice in Chhattisgarh. Nearly a third of India's planned 1.5 million tonne January exports are stuck, and railways have diverted wagons to fertilizer and coal.
With India, the largest rice exporter, stalled, rivals Thailand, Myanmar and Vietnam are gaining overseas sales at higher prices, supporting global rice prices while the bottleneck persists.
livemint.comJan 17, 2022After 21 past bullish logistics events, Rough Rice moved a median -0.5% over 5 sessions (38% higher; middle half -2.0% to +1.8%), and +3.6% 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.
