◂ Event Timeline

Jul 22, 2024TRADEIndonesia

Indonesia's Bulog issues new tender to buy 320,000 mt of rice, targets August-September delivery

Indonesia's Bulog issued a new tender to buy 320,000 mt of 5% broken white rice for August-September arrival, with results due August 2. Indonesia has held six tenders in 2024 against a 3.6 million mt import quota.

WHY IT MATTERS

Fresh Indonesian demand may firm Vietnamese and Thai rice prices briefly, though the trend is seen as still bearish.

AFFECTSRough Rice▲

SOURCE
spglobal.comTanya RanaJul 22, 2024

Price reaction & history

Rough Rice▲bullishSO FAR1d +2.5%5d +7.0%20d +2.4%

After 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.

Mar 30, 2024Vietnamese Rice Secures Lowest Price in Indonesia's Tender for 300,000 Tons-1.2%
Dec 2, 2022Bulog rice buy: Exporters to meet Indonesia envoy - The HinduBusinessLine-5.8%
Apr 9, 2021South Korea buys 46,229 tonnes of rice in tender - Markets - Business Recorder-0.5%
Jul 26, 2023India Rice Export Ban: Global rice markets in turmoil as India bans export of non-basmati | Economy & Policy News - Business Standard-0.5%
Feb 21, 2024The impact of India’s rice export restrictions on global markets, supplies and prices | The Business Standard-1.0%

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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