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West African rice importers reduced purchases due to low demand and oversupply at the start of 2025, with ships congested at Cotonou port. Currency depreciation of the CFA franc has eroded purchasing power, and importers expect demand to recover by March.
Reduced West African purchases weaken import demand for rice, adding bearish pressure to global rice prices in the near term.
spglobal.comJan 23, 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.
