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Rice prices in Asia rose on Hong Kong stockpiling ahead of possible Covid lockdowns, higher fertilizer and shipping costs tied to the Ukraine-Russia conflict, and stronger rice demand as wheat and corn prices soared. Broken rice is in demand for livestock feed, and Russia suspended fertilizer exports.
Multiple supply shocks, including Russian fertilizer export suspension and feed substitution, support rice and fertilizer prices. Higher input costs add pressure on feed production economics.
laotiantimes.comLaotian TimesMar 17, 2022After 12 past bullish geopolitics events, Rough Rice moved a median +1.6% over 5 sessions (58% higher; middle half -0.5% to +6.8%), and +5.4% over 20.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.
