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Pakistan's 2022 monsoon floods left about 5 million people exposed to flooded areas, with water lingering in Sindh and Balochistan. The 2022/23 rice production estimate was cut to six million tons, the lowest since 2012/13.
A sharp cut in Pakistan's rice output reduces exportable supply and supports global rice prices. The shortfall is a meaningful bullish factor for rice markets.
reliefweb.intJan 6, 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.
