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Indian 5% broken parboiled rice rose to $385-$391 per tonne on robust demand from Asian buyers, including purchases of 100% broken rice for feed. Thai benchmark prices held at $520-$526 and were hurt by a strong baht that dampened overseas demand, while Bangladesh sought to rebuild reserves.
Feed-grade broken rice demand from Asian buyers supports Indian prices, while Thai rates that stay high cap export volumes and keep the global price floor firm.
brecorder.comReutersJan 23, 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.
