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India's central government had procured 29.1 million tonnes of paddy by early December in the 2021-22 kharif season. FAO data showed the average price of 25% broken non-basmati Indian rice fell to $334 per tonne in November from $351 in October.
Large Indian public stocks and falling non-basmati export prices keep global rice supply ample and prices under pressure. The broader report also covers sugar and cotton, but the rice mechanism is the key feed-relevant link.
moneycontrol.comDec 3, 2021After 87 past bearish report events, RICE moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.
