India's rice stocks in government warehouses reached a record high for early December, up about 12% year on year, as state agencies bought paddy for the new season. Paddy procurement since October 1 has reached 42.2 million tons.
Export demand is described as soft, but a weaker rupee is helping traders land competitive deals.
Large Indian stocks and a weaker rupee support export competitiveness and could pressure prices from rivals such as Thailand, Vietnam and Pakistan.
Na 141 eerdere neerwaarts handel-gebeurtenissen bewoog Padierijst zich mediaan +0,6% over 5 sessies (57% hoger; middelste helft -2,3% tot +2,4%), en -0,6% 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.