◂ Event Timeline

Aug 31, 2024WEATHERAsia

Thai rice prices hit two-month peak, Bangladesh hit by floods

Thai 5% broken rice rose to $580 per ton, its highest in two months, helped by a stronger baht. Floods in Bangladesh killed 23 people and are expected to hit crop production, and Bangladeshi prices stayed elevated.

WHY IT MATTERS

Flood damage in Bangladesh and firmer Thai export quotes support Asian rice prices, though quiet trading limits the move.

AFFECTSRough Rice▲

SOURCE
millingandmillers.comAug 31, 2024

Price reaction & history

Rough Rice▲bullishSO FAR1d +0.7%5d -0.5%20d +1.9%

After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.

May 21, 2024Thai rice prices hit 2-month high on demand surge from Brazil, Mexico-4.0%
Dec 2, 2025Thai Rice Prices hit near 4-month high; India prices ease on weak demand, soft rupee | IREF-0.3%
Oct 23, 2020Flooding slows rice harvest in Asian hubs, pushes up domestic rates in Bangladesh | Prothom Alo+2.0%
Oct 29, 2022Rice To Hit ₦‎50,000 Per Bag As Floods Ravage Farms – 36NG+7.3%
Aug 11, 2023China floods hit rice, corn crops; trigger food inflation worries | Reuters-3.1%

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.

Rough Rice RICE · GP ▸

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