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Indian Basmati paddy and rice prices are expected to stay firm after deficient monsoon rains cut sowing and standing crops, with cumulative rainfall 5% below average. Iran's halt in Basmati imports could also weigh on exports.
Lower Indian Basmati output and firm prices support rice values and could curb exports to key buyers, tightening global aromatic rice supplies.
business-standard.comDilip Kumar JhaSep 27, 2017After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
