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India's non-basmati rice exports, which fell about 40% in 2019-20 due to higher minimum support prices, are expected to recover this year on demand from new buyers Malaysia and the Philippines. A weaker rupee and firming prices are also seen supporting shipments.
A rebound in Indian exports adds supply to global markets and weighs on Asian rice prices, though a weaker rupee and firmer prices limit the competitiveness gain. New buyers help offset the slump seen last year.
thehindubusinessline.comVishwanath KulkarniMay 8, 2020After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
