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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 2024Na 100 eerdere neerwaarts beleid-gebeurtenissen bewoog Padierijst zich mediaan -0,1% over 5 sessies (49% hoger; middelste helft -1,7% tot +1,6%), en +0,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Reports global rice prices fell on Monday Sept 30 after India allowed white rice exports, directly matching the timing of the price move.
