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Vietnamese 5% broken rice prices dipped to $570-$575/t on rising domestic and international shipping costs. Vietnam's May rice exports fell 14.6% from April to 856,000 t, while January-May exports rose 11.2% year on year; the Philippines' planned tariff cut is expected to boost Vietnamese shipments.
Higher freight and a pending Philippine tariff cut support Vietnamese export demand, but weaker shipment volumes and freight costs cap rice price gains.
bworldonline.comAgarWalEkwensiJun 14, 2024After 14 past neutral logistics events, Rough Rice moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
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.
