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Indian rice export prices rebounded from three-year lows as exporters raised rates to offset a stronger rupee. Vietnamese rates rose on low supply and demand from Cuba, Iraq and the Philippines, while Thai prices were little changed.
A firmer rupee squeezes exporter margins and pushes quotes up, and tight Vietnamese supply plus steady buying from importers provides modest support for global rice prices.
financialpost.comReutersDec 12, 2019After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
