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Thai rice prices rose sharply in mid-November after large orders from China (500,000 tonnes) and Singapore (100,000 tonnes). Jasmine paddy rose up to 700 baht per tonne, and prices climbed despite peak harvest supply.
Firm export demand arriving during harvest reverses the usual seasonal price decline and supports Asian rice export prices. Further gains are expected after the NRPMC meeting.
After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.