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Indian rice exporters are struggling to fill orders because containers and workers are scarce, and loading at Kakinada port has fallen about 30%. Exporters expect India could ship about 100,000 tonnes less rice per month in coming months as mills run at lower capacity.
Slower shipments from the world's largest rice exporter could let Thailand and Vietnam gain share and lift global rice prices. Reduced Indian export volume tightens world supply in the short term.
dst.newsJul 27, 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.
