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Thailand's benchmark 5% broken rice fell to USD350 per tonne, the lowest in nearly nine years, while Indian and Vietnamese prices held higher. Buyers are holding back amid new Indian non-basmati export paperwork and a possible longer Philippine import suspension.
Slow buying and softer benchmark prices point to further downside if the Philippine suspension is extended. Indian export paperwork adds friction that keeps some buyers on the sidelines.
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.