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Retailers in Nepal raised rice prices by Rs 100 per 20-30 kg sack and red lentils by Rs 10 per kilogram ahead of the Dashain festival. Traders cited recent Terai floods that destroyed paddy and a rise in Indian rice prices.
Flood damage to paddy in Nepal and firmer Indian rice prices point to tighter regional supply and firmer rice prices in South Asia. The impact on global feed rice is limited.
english.onlinekhabar.comSureshSep 13, 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.
