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Global rice prices dropped on Monday after India and Pakistan moved to lift export curbs. India lifted its ban on non-basmati white rice exports, and Pakistan withdrew minimum export prices on all rice varieties.
Exporters warn of a pricing war between the two South Asian suppliers.
Two major exporters competing on price is likely to keep rice export quotes under pressure. Weaker rice prices favor buyers of rice-based feed ingredients.
aljazeera.comAbid Hussain2 Okt 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.
India lifting the ban and Pakistan removing minimum export prices raised expected supply competition and price-war fears, though it is dated after the move.
