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Iran has reportedly lifted its seasonal ban on rice imports that normally runs from July to mid-November, which should help Indian basmati shipments. Exporters say high freight rates and container shortages remain constraints, and Iran's crop may be below normal.
Reopened Iranian demand for basmati, Iran's largest buying market, supports Indian rice export prices. Container and freight constraints limit how fast that demand can convert into shipments.
thehindubusinessline.comVishwanath KulkarniNov 9, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
