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Indian rice exporters say demand will remain robust this season, with China and Bangladesh expected to buy. Exports could reach 20 million tonnes, supported by a production forecast above 100 million tonnes.
Basmati prices have risen 20-35% after unseasonal rain.
Strong export demand and tight Basmati supply support rice prices in global markets. Large non-Basmati supplies limit the upside.
financialexpress.comFE BureauDec 2, 2021After 189 past bullish trade events, 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.
