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Indian rice exports for 2021/22 are expected to fall to about 12 million tonnes as freight costs rise, containers are scarce and port congestion builds, with 15 vessels waiting at Kakinada. Exporters have forward contracts of 1-1.2 million tonnes monthly through November.
Lower Indian export volumes and logistics bottlenecks tighten global rice supply, which supports Asian rice export prices.
prelaunch.financialexpress.comNanda KasabeAug 17, 2021After 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.
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.
