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Indian 5% broken parboiled rice export prices fell $3 to $386-$390 per ton last week as the rupee hit a record low, though demand stayed weak. Thai 5% broken rice was quoted at $393-$395, and the Philippines plans to import an additional 132,000 tons to rebuild stocks.
The weaker rupee lowers Indian export offers, but soft demand keeps global rice prices under pressure, with Philippine buying the main potential support.
ft.lkSep 3, 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.
Not 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.
