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India's cereal exports rose sharply in April-December 2020, reaching Rs 49,832 crore from Rs 32,591 crore a year earlier, a 52.9% rise in rupee terms. Non-basmati rice exports nearly doubled in value to Rs 22,856 crore, while basmati exports were roughly flat in dollar terms.
Strong Indian rice export flows add supply to a market already tightened by production shortfalls in Thailand and Vietnam, which is supportive for rice prices and competing feed grain demand.
pib.gov.inFeb 10, 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.
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.
