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Andhra Pradesh authorised Kakinada Deep Water Port to handle rice exports while capacity expands at the Anchorage Port, which had suffered waits of up to four weeks. Monthly exports from the state are expected to double to 650,000 tonnes.
Easing port congestion lets more Indian rice reach a tight global market, which could cap the rally in global rice prices.
ndtv.comReutersFeb 4, 2021After 49 past logistics events, Rough Rice moved a median -0.9% over 5 sessions (39% higher; middle half -2.6% to +1.1%), and +2.0% 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.
