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Indian 5% broken parboiled rice was quoted at $383-$390 per tonne, up from the prior week, as the rupee hit a four-month high. Thai rates rose to $515-$520, and Bangladesh approved the purchase of 150,000 tonnes from NAFED.
Stronger Indian export prices and rising Bangladeshi import demand support global rice prices, while Thai price increases raise competitiveness concerns for Thai exporters.
brecorder.comReutersJan 7, 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.
