Gold Silver Reports — Sharp decline in demand and overseas competition are expected to hit into Vietnam and India rice exports. The latest report of the US Department of Agriculture (USDA) India and Vietnam, the worlds leading rice exporters, may see overseas sales fall below previously expected levels due to slowing demand and rising competition from China.
Indias rice exports year could fall by 300,000 tons to only 10 million tons on slower pace and stronger competition in West Africa, the USDA said in its March report, putting it on a par with shipments expected from Thailand.
Gold Silver Reports — Gold Investors Asking What’s After March Hike — Gold futures posted the longest slump since mid-2015 as momentum in the U.S. labor market bolsters the prospect of multiple U.S. interest-rate increases this year.
Gold Silver Reports — Exit Polls Show Modi in Lead — India’s rupee strengthened to a four-month high after most exit polls showed Prime Minister Narendra Modi’s party ahead of its rivals to win power in Uttar Pradesh. Stocks fluctuated as investors stayed cautious before results of elections in the most politically crucial state.
