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BMI, a Fitch subsidiary, lowered its 2025 average forecast for CBOT rough rice futures to $14.20/cwt from $14.85 and kept its 2024 forecast at $16.35. It expects a global rice surplus in 2025 and record production of 534 million tonnes, citing India's resumed exports.
Expected record supplies and renewed Indian exports point to softer global rice prices in 2025, which lowers the cost outlook for rice-based feed ingredients.
ssricenews.comAdminNov 19, 2024After 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.
