{"id":147084,"date":"2019-05-06T10:45:03","date_gmt":"2019-05-06T14:45:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147084"},"modified":"2019-05-06T07:00:04","modified_gmt":"2019-05-06T11:00:04","slug":"rice-analysis-two-major-rice-producers-cut-exports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/rice-analysis-two-major-rice-producers-cut-exports\/","title":{"rendered":"RICE Analysis: Two major rice producers cut exports"},"content":{"rendered":"
May 6, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Two major rice producers cut exports<\/strong><\/p>\n

Vietnam and India have reduced the rice<\/a> export. Will the quotations grow?<\/p><\/blockquote>\n

India reduced rice exports in the agricultural season 2018\/19 by 7.2% compared with the previous season – to 11.95 million tons. In January-April 2019, Vietnam reduced rice exports by 7.9% compared to the same period in 2018 to 2 million tons. Note that India and Vietnam are the 1st and 3rd place in the world in the export of rice, and the 2nd place is Thailand.<\/p>\n

\"Rice\"<\/p>\n

On the daily timeframe , Rice: D1<\/b> is in the medium neutral trend. It is moving towards the upper limit and various technical analysis indicators formed an uptrend signal. Further growth of quotations is possible in case of a further reduction in world exports.<\/p>\n