Loading…
Indian basmati rice exporters face uncertainty as the US plans to end the waiver for Indian crude imports from Iran in early May. Analysts warn that payment recovery for Iran-bound basmati exports could be disrupted, since Iran is a major destination.
Loss of Iran payment channels could curb Indian basmati exports and weigh on rice export prices, though the effect is limited to one destination.
riceplusmagazine.blogspot.comRiceplus MagazineApr 29, 2019After 13 past bearish geopolitics events, Rough Rice moved a median +2.0% over 5 sessions (77% higher; middle half +0.6% to +3.4%), and +4.7% 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.
