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Non-basmati rice exports in FY21 totaled about $4.8 billion, up 136% year on year, driven by competitive Indian pricing and demand from African and Asian buyers during the pandemic. Basmati exports fell 8% in value over the same period.
Aggressive Indian pricing is taking share in global rice trade, which tends to pressure rough rice and other cereal export prices.
business-standard.comSanjeeb MukherjeeMay 12, 2021After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
