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Indian rice exports are forecast to fall 18-20% in the current fiscal year due to weak West Asian demand, Iran sanctions and geopolitical tensions. Higher minimum support prices are also pushing farmers toward the domestic market.
Lower Indian export availability tightens competition for buyers in other markets, but the large Indian stocks limit upside. The main effect is on rice export prices, which are already under pressure.
thehindubusinessline.comOur BureauFeb 5, 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.
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.
