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Vietnamese buyers are refusing Indian rice shipments and seeking large discounts amid Covid restrictions and a larger domestic autumn crop of 15.2 million tonnes. Domestic Vietnamese rice prices have fallen as the new crop arrives.
Weak Vietnamese demand and a bigger local crop push Asian rice export prices lower, pressuring Indian exporters.
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.