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Indian FOB prices for 1121 steam rice weakened in August to about $998-1000/MT, down 4.32% from July. Basmati prices were described as soft on weaker international demand, though sentiment is firm until the new crop arrives in October.
Soft Indian export prices and weak demand point to continued pressure on global rice values until the new crop reaches the market.
mundus-agri.euSep 18, 2017Not enough comparable past events yet for a historical read.
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.
