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India plans to export about 600,000 tonnes of rice to Bangladesh through the state agency Nafed on a government-to-government basis. Bangladesh faces a 1.5 million tonne rice shortfall after monsoon flood losses.
Negotiations on the modalities were expected in Dhaka within days.
A sizable government-backed sale into a supply-short importer tightens Asian rice availability and supports export prices. Using Indian buffer stock also supports Indian rough rice values.
prelaunch.financialexpress.comSandip DasOct 31, 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.
