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Rice export prices fell in major Asian hubs this week on slow demand and new supply after a quiet start to the year. Indian and Thai benchmark quotes eased, and Vietnamese prices dropped to $340 a tonne amid Chinese import restrictions.
Philippine buyers placed some orders.
Rising harvest supply and weak demand push Asian export quotes lower, which filters into global rice benchmarks. Weaker local currencies add further downward pressure on dollar prices.
epaper.brecorder.comFeb 19, 2019Not 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.
