
Indian non-basmati rice exports fell 14.56% in FY2019 to 7.534 million tonnes. The decline is attributed to a higher minimum support price for paddy, which made Indian rice uncompetitive against Vietnam, Thailand, Myanmar and Pakistan.
The 5% MEIS export incentive was discontinued on March 25, 2019, and exporters are seeking its renewal.
Lower Indian export volumes reduce supply in the world rice market and tend to support Asian rice prices. If the MEIS incentive is not renewed, further export declines are likely.
Setelah 189 peristiwa perdagangan bullish sebelumnya, Gabah bergerak median +0,2% selama 5 sesi (52% lebih tinggi; separuh tengah -1,7% sampai +2,4%), dan +1,0% 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.