Loading…
Indian 5% broken parboiled rice fell to about $377-$380 per tonne from $387-$390 the previous week on weak African demand and Chinese sales of old stock. Bangladesh said it will discuss lifting its long-standing rice export ban after pleas from traders.
Weak demand and cheap Chinese stocks keep Asian rice export prices under pressure. A possible Bangladeshi reopening would add export supply and could weigh further on prices.
wionews.comWion Web DeskApr 18, 2019After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
