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Indian 5% broken parboiled rice rose to $383-$389 per tonne from $382-$387 last week, as floods and COVID-19 limited containers and labour at Kakinada port. Vietnam's 5% broken rice rose to $480-$490 per tonne, its highest since late 2011, on thin supplies.
Logistics constraints and tight Vietnamese supplies are pushing Asian export quotes higher, which is bullish for global rice prices until the October harvest.
livemint.comAug 20, 2020After 21 past bullish logistics events, Rough Rice moved a median -0.5% over 5 sessions (38% higher; middle half -2.0% to +1.8%), and +3.6% 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.
