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Indian 5% broken parboiled rice was quoted at $392-$395 per tonne this week, up from $386-$389 last week, the highest in over seven months. The rupee's appreciation is raising export prices and dampening African buyer demand, while Vietnamese traders are increasing purchases to fill new overseas deals.
A stronger rupee lifts Indian export quotes, which may erode competitiveness and demand for Indian rice, while firmer Vietnamese domestic buying supports Asian rice prices. Rice is a feed-adjacent carbohydrate, so the firmer tone is a modest support for alternative feed grains.
business-standard.comBusiness StandardMar 22, 2019After 43 past macro events, Rough Rice moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% over 20.
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.
