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Thai 5% broken rice quoted at $390-$404 per tonne FOB, down from the prior week, as new crop supplies are expected next month. Indian 5% parboiled rose to $374-$377 per tonne as the rupee hit an 11-month high, and Thai exports fell 12% in the first half of 2019 due to the stronger baht.
Expected new Thai crop supply and muted demand weigh on Asian export quotes, while a strong local currency supports exporter prices and trims export volumes.
wionews.comNikhil PandeyJul 11, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
