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Indian rice exports gained momentum after an additional port, Kakinada deepwater, was opened to ease congestion that had pushed waiting times up to four weeks. India's 5% broken parboiled rice eased to $395-$401 a tonne from a multi-year high, while Thai and Vietnamese prices remained firm.
Faster loading at Kakinada should cut demurrage costs and lift export volumes, adding supply to a market where Asian prices are already softening. Lower Indian quotes ease pressure on global rough rice values.
brecorder.comReutersFeb 21, 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.
