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Indian farm exports were steady in April-November in rupee terms but fell 2 percent in dollar terms, according to APEDA data. Pulses and dairy shipments grew, while non-basmati rice fell 15 percent in value because Indian rice became expensive on world markets.
Buffalo meat shipments also dropped.
Weaker non-basmati rice exports reflect Indian rice being priced out of world markets, which keeps demand for Indian rice soft. Shifts in pulse and dairy flows matter less for feed prices.
thehindubusinessline.comOur BureauDec 31, 2018After 141 past bearish trade events, Rough 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.
