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Labour shortages and container scarcity at Indian ports are delaying rice shipments to Africa and the Gulf. Trucks are reportedly waiting at Deendayal and Mundra for at least seven days, and about 300,000 tonnes of basmati is stuck at Iranian ports over payment issues.
Delayed loading slows Indian rice export flows and could ease near-term world rice supply pressure. Continued shipping bottlenecks may keep Asian export offers subdued.
dst.newsJun 14, 2020After 49 past logistics events, Rough Rice moved a median -0.9% over 5 sessions (39% higher; middle half -2.6% to +1.1%), and +2.0% 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.
