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Indian rice prices rose on improved demand from Bangladesh and Sri Lanka, with 5% broken parboiled quoted at $399-402 per tonne. Thai 5% broken rose to $380-387 per tonne FOB Bangkok after northeast floods cut Hom Mali output.
New-season Indian crops are expected to cap further gains.
Stronger export demand and lower Thai Hom Mali output support global rice prices, while incoming new crops limit the upside. Feed buyers should expect modest firmness in world rice.
zeebiz.comReutersNov 16, 2017After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
