Loading…
India's basmati rice exports may fall to a three-year low of about 3.79 million tonnes in the year starting April 1, a decline of up to 5 percent. The drop is linked to a tighter EU fungicide rule and firmer local prices.
Lower Indian basmati exports reduce supply to the world market, which supports international rice prices, while firmer domestic prices reflect tighter Indian supply.
bloomberg.comPratik ParijaNov 10, 2017After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
