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Thailand has urged farmers to reduce rice planting to conserve water after poor rainfall. The move comes after India's partial export ban.
Farmers have already planted most of their crop.
Reduced Thai planting threatens future export supply from a major exporter, supporting rice prices into the next crop cycle.
bloomberg.comAnuchit Nguyen, Mai Ngoc ChauAug 2, 2023After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
