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Indian non-basmati rice exports are expected to drop this year due to high procurement costs under the minimum support price and the lack of a long-term export policy. Competitors Pakistan, Thailand and Vietnam are gaining share, and global rice output is forecast lower.
Uncompetitive Indian pricing shifts demand to Asian rivals, and a lower global production forecast tightens the rice trade balance, which is supportive for rough rice prices.
business-standard.comVirendra Singh RawatSep 7, 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.
