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Indian Basmati rice exports rebounded 32% in the first quarter of fiscal 2017-18, driven by higher prices and volumes, according to ICRA. The agency expects total exports of 4.1 million tonnes, but warned that Iran's suspension of imports since August is a key risk.
Iran's absence as a major buyer could weigh on Basmati demand and export prices in the second half of the fiscal year, a bearish factor for rice.
thehindubusinessline.comThe HinduBusinessLineSep 21, 2017After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
