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A trade finance company report says Indian rice exports should pick up in 2019 as seasonal Middle East demand returns and more non-basmati rice ships to China. Shipments were valued at $183 million in the quarter through November.
The report says exporters may still struggle to get credit.
Expected stronger Indian rice demand from the Middle East and China supports export prices for rice. The effect on feed markets is modest, since rice is a minor feed ingredient.
business-standard.comBusiness StandardDec 21, 2018After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
