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Rice prices in top exporter India hit a nine-month high this week, driven by renewed demand from African buyers. Supplies remain constrained by coronavirus lockdowns, and drought in Thailand supported rates amid a lack of new deals.
Tighter Indian export supply and firm African demand point to higher global rice prices, which can lift costs for rice-based feed ingredients and substitute grains.
reuters.comEileen SorengMay 1, 2020After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
