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India's farm exports rose 5 percent to $7.7 billion in April-August 2018, led by basmati rice and buffalo meat. Basmati shipments topped $2 billion on higher unit prices, while volumes were roughly flat and a weaker rupee helped.
Steady Indian basmati and buffalo meat export demand supports prices for those products, but the report is a backward-looking trade statistic with limited effect on feed grain markets.
thehindubusinessline.comOur BureauSep 30, 2018After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
