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BMI cut its 2025 average rough rice futures forecast to $14.85 per cwt, a 6.3% downward revision, and lowered its 2024 outlook to $16.35. The revision followed India's easing of rice export restrictions, which cut Thai export quotes by over 10% in early October.
US rice exports are running strong, with a four-season high in commitments.
Lower Indian export restrictions are expected to keep global rice prices lower, with US export strength providing only limited support.
theedgemalaysia.comOct 11, 2024After 100 past bearish policy events, RICE moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), 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.
