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China has released over 3 million tonnes of state-reserve white rice, shipping much of it to African markets usually supplied by India. Chinese non-basmati offers of $300-$320 per tonne undercut Indian prices of around $400.
Low-priced Chinese rice competing in African markets pressures Indian export prices and volumes.
english.mathrubhumi.comsysadminJan 4, 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.
