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Global rice prices fell on Monday after India allowed exports of non-basmati white rice on Saturday. India had also cut its export duty on parboiled rice to 10% the day before.
Exporters said the move boosts global supply and gives poor Asian and African buyers cheaper options.
Resumed Indian white rice exports add substantial supply to the world market, which pushes prices down. Lower rice prices reduce the cost of rice as a substitute grain in feed.
reuters.comRajendra Jadhav, Khanh Vu, Mayank Bhardwaj30 Sep 2024Setelah 100 peristiwa kebijakan bearish sebelumnya, Gabah bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Reports global rice prices fell on Monday Sept 30 after India allowed white rice exports, directly matching the timing of the price move.
