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Indonesian state agency Bulog issued its seventh tender of 2024 to buy about 350,000 tonnes of 5% broken white rice for September-October delivery. Results are due September 5, and Pakistan and Thailand are expected to compete as Vietnamese supplies dwindle.
A large state import tender tightens export availability and supports Asian rice prices, especially as Vietnamese supply shrinks.
spglobal.comAug 23, 2024After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
