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An Oxford Analytica expert briefing says a delay in Brazil's rice tender may push up food prices in the country. The text is only a headline and abstract with no details on volumes or prices.
A delayed tender could tighten Brazilian domestic rice supply and lift local prices, but the impact on international rice markets is likely small.
doi.orgOxford AnalyticaJun 12, 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.
