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Indian rice exports picked up after an additional port at Kakinada began operations to reduce a waiting period of up to four weeks. Indian 5% broken parboiled prices eased, and Thai and Vietnamese prices were also reported.
Reduced port congestion should speed Indian shipments and lower demurrage costs, adding supply to export markets. That tends to weigh on global rice prices.
equitypandit.comadminFeb 19, 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.
