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West African rice prices plunged in late February as oversupply built after India removed its export duty on parboiled rice. Warehouses in Benin, Togo and Abidjan are full, and parboiled 5% rice was assessed at $454 per ton.
Full regional stocks and falling import prices reduce demand for new cargoes and keep global rice export values under pressure.
spglobal.comFeb 27, 2025After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
