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A Bangladesh Centre for Policy Dialogue official said overall rice production may decline following the 2017 floods. The same report noted that retail coarse rice prices rose further despite the Aman harvest and record imports, with paddy prices at an all-time high.
Flood losses to the Aman crop reduce domestic supply and raise the risk of further price increases, which would weigh on buyers in Bangladesh and tighten import needs.
cpd.org.bdSarwarJan 12, 2018After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
