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India's non-basmati rice exports are expected to slow as a rupee rally of over 6.5% in 2017 and higher local paddy prices make Indian rice uncompetitive. Indian 5% broken parboiled was offered around $410 a tonne against Thai at $390-392 and Vietnamese at $400-405.
Higher Indian export prices shift demand toward Vietnamese and Thai rice, supporting those origins while easing pressure on Indian export values.
deccanchronicle.comDC CorrespondentAug 9, 2017After 43 past macro events, RICE moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% over 20.
Not 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.
