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Indian 5% broken parboiled rice export quotes fell to about $372-375 per tonne as the rupee weakened to its lowest in over eight months. Vietnamese 5% broken rates eased on weak Philippine demand, while Thai prices were slightly higher.
India's April-June rice exports fell 28.2% year on year.
A weaker rupee lets Indian exporters cut dollar prices and undercut rivals, which pressures global rice export values while Asian demand is mixed.
sg.finance.yahoo.comKarthika Suresh NamboothiriAug 22, 2019After 16 past bearish macro events, Rough Rice moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% 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.
