Global rice exports may decline
The Indian Rice Exporters Association forecasts a decline in rice exports from India by about 100,000 tons per month over the next few months. The main reason for this was the reduction in the number and work time of port workers due to Covid-19. In the East Godavari district of India, where the largest rice marine terminal of Kakinada is located, Covid-19 infects about 1,000 people every day. The Thai Rice Exporters Association lowered its rice export forecast from Thailand in 2020 to 6.5 million tons, the lowest in the last 20 years. From January to June 2020, Thailand exported only 3.14 million tons of rice, which is about a third of what it was last year. Thailand is the world’s leading rice exporter. India ranks second and Vietnam third.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| MA(200) | Neutral | |
| Fractals | Neutral | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Neutral |
| Order | Buy |
| Buy stop | Above 11.9 |
| Stop loss | Below 11 |
Market Analysis provided by IFCMarkets.com
Free Reports:
By ForexTime Nvidia shares only ↑18% year-to-date Competition, data centre revenue and fiscal Q2 2027…
By JustMarkets On Tuesday, US stock indices continued to decline amid the ongoing sell‑off in…
By Analytical Department RoboForex EUR/USD slipped to 1.1598 on Wednesday, keeping the pair at its…
By JustMarkets On Monday, the US stock indices closed mixed amid ongoing uncertainty surrounding the…
By Analytical Department RoboForex Gold rose to 4,600 USD per ounce on Tuesday, continuing its…
By JustMarkets On Friday, US stock indices fell sharply amid growing investor concerns about the…
This website uses cookies.