Loading…
Rice export prices from top Asian hubs fell in the week as Vietnamese and Thai traders competed with lower Indian offers. Bangladesh tightened COVID-19 lockdown measures, prompting panic buying and higher domestic rates, and its state grains buyer tendered for 50,000 tonnes.
Virus spread in southern Vietnam was also hampering rice transport.
Lockdown-driven domestic buying and transport disruption support regional import demand, while cheaper Indian and Thai offers pressure export quotations lower. Net effect is weaker export prices with logistics costs rising.
brecorder.comReutersJul 1, 2021After 394 past bearish events of any kind, Rough Rice moved a median +0.1% over 5 sessions (53% higher; middle half -2.3% to +2.1%), and +0.1% 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.
