Indian Rice May Need More Export Subsidies To Stay On The Boil — Panjiva


Indian Rice May Need More Export Subsidies To Stay On The Boil

Ags - Grains/Beans 162 Cons. Staples - Food/Beverages 395 India 283 Tariffs 1169 Thailand 74 U.S. 3297 Vietnam 155

Competition between Asian rice exporters is growing after the Indian government applied a 5% export subsidy in late 2018. While the subsidy is due to expire in March it will likely be continued ahead of elections scheduled to begin in April. While Indian rice exports have expanded – U.S. seaborne imports grew 16.2% in the fourth quarter of 2018 vs. a year earlier – they have only kept pace with shipments from Thailand. Additionally rough rice prices fell 13.9% in December from May’s peak, indicating competition has already become more aggressive. The most important mark...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.