# Rice: Domestic & International Market Fundamentals - Mundus Agri

> 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.

- Date: 2017-09-18 · published 2017-09-18T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/68938-rice-domestic-and-international-market-fundamentals-mundus-agri
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Soft Indian export prices and weak demand point to continued pressure on global rice values until the new crop reaches the market.

## Read by commodity

- RICE: bearish ▼

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/rice-domestic-international-market-fundamentals.n2298.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.