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Vietnamese rice exports started 2018 strongly, with Indonesia approving imports of 500,000 tonnes from Thailand and Vietnam and the Philippines agreeing to buy 250,000 tonnes. Average FOB prices rose to US$400 a tonne from US$390-395 after one month, and dried and material rice prices rose by VND350 a kg.
Import tenders from Indonesia and the Philippines add export demand for Vietnamese and Thai rice, supporting FOB prices across Asia. The firmer export quotes point to higher global rice prices.
english.vov.vnVNAJan 17, 2018After 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.
