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India's rice exports for April-December fell 10.2% year on year to 8.46 million tonnes as Bangladesh cut purchases after a bumper local harvest. Buffalo meat exports slumped 13.3%, while pulses more than doubled and dairy exports rose 79%.
Lower Indian rice export volumes reduce demand for global rough rice and broken rice used in feed, supporting a bearish tone for rice prices. Strong pulse exports point to shifting trade flows but have little direct effect on feed grains.
livemint.comReutersFeb 5, 2019After 141 past bearish trade events, 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.
