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Indian basmati exporters say recent rains damaged only a small area of the Pusa-1509 variety and do not expect lower exports this year. Basmati exports in the year to date reached 4.05 million tonnes, up from 3.985 million a year earlier, supported by demand from West Asia.
Steady basmati export demand from West Asia keeps global rice trade firm. The rain damage is too small to tighten supply materially.
rwfreight.co.ukOct 5, 2018After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
