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Indian rice prices held steady in the week, with 5% broken parboiled quoted at $392-$396 per tonne. Below-normal rainfall has slowed paddy planting, which was down 4.2% year on year as of August 3, while India's April-June rice exports rose 4.4%.
Heavy rains and floods in Vietnam and Thailand are affecting their harvests.
Lagging Indian planting raises concern about output and could firm Asian rice export prices, while Vietnamese and Thai flooding adds supply risk. Rough rice impact for feed buyers is limited, but broken rice can feed into feed formulations.
business-standard.comBusiness StandardAug 9, 2018After 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.
