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Non-basmati rice shipments from southern Indian ports have nearly stopped, with exporters reporting a 90% loss of business since January. Container shortages and higher freight rates are compounding the disruption to exports to the EU, West Asia and Southeast Asia.
Stalled Indian rice exports reduce global supply and raise freight costs, which supports international rice prices while hurting exporters' volumes.
livemint.comSayantan BeraMar 20, 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.
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.
