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Rice exports from India to Bangladesh through West Bengal may restart after the Home Ministry asked the state to facilitate essential transport at land ports. Trucks loaded with rice have been stuck at the border, causing daily freight losses, and rice is already moving by sea from Mundra to Chittagong.
Resumed land shipments would ease a logistics bottleneck for Indian rice exports, though the effect on prices is modest.
publisher.tbsnews.netTBS ReportMay 9, 2020After 14 past neutral logistics events, Rough Rice moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% 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.
