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Indian government procurement of parboiled rice for free food grain distribution has raised domestic parboiled prices by $20-30 a tonne. Trade sources say the purchases are tied to Omicron-related lockdown fears and stock-building through late 2023.
Heavier state buying tightens domestic supply and lifts parboiled prices, which may reduce India's Q1 export availability and support international rice quotes.
scceu.orgscceuJan 11, 2022After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
