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Thai 5% broken rice prices rose to $415-$428 per tonne, a peak since late June, as animal feed makers sought more broken rice amid rising corn and wheat prices. Demand also grew from Hong Kong, where lockdown fears spurred panic buying.
Feed-driven demand for broken rice as a cheaper corn and wheat substitute supports rice export prices. Higher costs of substitutes keep feed buyers searching for alternatives.
thailandtv.newsThai NewsMar 13, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Published 2022-03-13, just before the move, it reports Thai broken rice prices at multi-month highs as feed makers sought broken rice amid rising corn and wheat prices and Hong Kong panic buying, a direct demand driver for rice.
Published just before the 3/15 move, it reports Thai broken rice prices at multi-month highs as feed makers sought broken rice amid rising corn and wheat prices, a direct demand-substitution driver for rough rice.
