
BMI expects global rice prices to stay elevated through 2024 because of unfavourable weather and India's export restrictions. It projects Chicago rough rice futures to average US$16.50/cwt in 2024, versus US$16.69 in 2023, with the contracts at US$16.32 as of April 5.
BMI expects India's restrictions to persist at least until after the Indian general election.
India's export curbs remove a major supplier from the market, keeping international rice quotations firm and supporting feed-grade rice and rice-byproduct costs. Easing is only expected in 2025 if La Niña brings higher rainfall.
После 189 прошлых событий (события «торговля»: бычий) Рис-сырец в среднем изменился на +0,2 % за 5 сессий (52% вверх; средняя половина от -1,7 % до +2,4 %) и на +1,0 % за 20.
Изменения бенчмарка каждого товара относительно последнего закрытия до события. Исторические данные объединяют прошлые события того же типа; они описывают случившееся, а не то, что произойдёт. Не является инвестиционной рекомендацией.
BMI's view that tight global supply, weather and India's export restrictions will keep prices elevated, with Chicago rough rice futures near $16.32, supports a sentiment-driven rally.
BMI's view that tight global supply and India's export restrictions will keep rice prices elevated, with rough rice futures near $16.32, supports bullish sentiment that could fuel a sharp upward move.