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The Philippine National Food Authority rejected Thai and Vietnamese bids in its second G2G auction for 203,000 mt of 25% broken rice, as offers of about $480-483/mt exceeded its $447.88 reference price. The unawarded volume was left unfilled.
Failed tenders signal Philippine buyers resisting high prices, which could keep import demand cautious and cap Asian export prices.
orico.vnOrient Rice Co., LtdJul 26, 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.
