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Indian 5% broken parboiled rice rose to $380-$385 a tonne as COVID-19 caused container and labour shortages at Kakinada port. Heavy flooding in Bangladesh submerged about 50,000 hectares of paddy, and Thai and Vietnamese prices also edged higher.
Logistics bottlenecks in India's main export port and flood losses in Bangladesh tighten Asian rice supply, supporting export quotes. Traders expect supply concerns to persist until new off-season rice arrives.
thehindubusinessline.comReutersJul 31, 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.
