Platts assessed Thai 5% white rice at $374/mt FOB on Feb. 18, down $11 week over week and at its lowest since Jan.
20. The decline reflected a weaker baht, slow buying and expectations of new crop arrivals in March-April.
A weaker baht and new-crop supply both push Thai export prices lower, though Thai rice remains the highest-priced major Asian origin. Buyers have room to negotiate.
After 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.
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.
Thai 5% white rice dropped to a near one-month low on slow buying, a weaker baht and expected new-crop arrivals, signaling weaker Asian benchmarks.
Falling Thai export prices amid slow buying and new-crop expectations signal weaker global benchmarks that pressure US rice, but the link is indirect.