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Indian 5-percent broken parboiled rice rose $3 to $387-392 per tonne on a stronger rupee and higher local paddy prices. IGC estimates put India's 2017-18 rice output near 11 million tonnes and exports near a record level.
A stronger rupee makes Indian rice less competitive in dollar terms, which offsets part of the price support from firmer domestic paddy, leaving export prices mixed.
mundus-agri.euMay 2, 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.
