# Paddy prices staging modest recovery after hitting rock bottom | Commodity - Food & Edible Oils - Business Standard

> Domestic paddy prices in India are recovering modestly after falling to very low levels earlier in the season. Flood inundation and a recent cyclone have damaged crops in key growing areas, and a higher minimum support price for 2019-20 is supporting values. Exporters expect the Iran market to recover over the next two to four months.

- Date: 2019-11-25 · published 2019-11-25T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/56038-paddy-prices-staging-modest-recovery-after-hitting-rock-bottom-commodity-food
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Crop losses and a higher support price tighten domestic rice availability and lift floor prices, which supports export offers. Recovery in Iranian demand would further firm basmati prices.

## Read by commodity

- RICE: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/paddy-prices-staging-modest-recovery-after-hitting-rock-bottom-119112501015_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.