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A Reuters feature reports that rising incomes, urbanization, climate change and health concerns are driving Asian consumers away from rice toward alternatives such as millets and more protein. The article cites rice as showing the steepest drop in Asia.
Gradual demand shifts away from rice in Asia could weigh on long-run rice demand, while growing protein demand may support feed and meat-related inputs.
reuters.comRina ChandranMay 21, 2018After 16 past bearish macro events, Rough Rice moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% 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.
