Loading…
Indian non-basmati rice is priced near $400 per tonne, about $90 below Thai and Vietnamese varieties at $490 to $500. Rice exports rose 35% in the first four months of FY21, and Vietnamese prices rose on hoarding amid COVID-19 uncertainty.
Traders expect prices to stay high until the new Vietnamese harvest in October.
The price gap pulls buyers toward Indian rice, supporting Indian export demand and keeping world rice prices pressured by Vietnamese and Thai supply.
grainmart.inGurneel KaurSep 3, 2020After 189 past bullish trade events, 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.
