India's surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries, fearing the world's top rice exporter may restrict those shipments as well, four exporters told Reuters.
- TRADERS MAKE UNUSUAL PURCHASES OF INDIAN RICE FOR LONGER-DATED SHIPMENTS -EXPORTERS
- TRADERS SIGN DEALS TO EXPORT 1 MLN TONNES OF INDIAN RICE FOR SHIPMENT FROM JUNE TO SEPT -EXPORTERS
- TRADERS OPENING LETTERS OF CREDIT QUICKLY AFTER BUYING INDIAN RICE -EXPORTERS
Aggressive purchases from India could also reduce demand for rice from Vietnam and Thailand, the world's second and third-biggest exporters respectively, which are struggling to compete on price.
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