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Indian 5% broken parboiled rice rose $2 to $399-$402 per tonne on improved demand from Bangladesh and Sri Lanka, with African buyers also inquiring. Thai 5% broken rose to $380-$387 FOB Bangkok, supported by Hom Mali's 'World's Best Rice' award and a South Korean tender.
Traders said demand was slow and new crops could cap prices.
Stronger export inquiries support Asian rice export quotes, but expected new-crop arrivals from late November limit the upside. The net price effect for feed buyers is modest.
business-standard.comReutersNov 16, 2017After 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.
