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Thai 5% broken rice rose to $600 per ton from $588-$595 last week, helped by a stronger baht. Indian and Vietnamese quotes also edged up on tight domestic supplies, while Bangladesh said it does not need to import rice this year.
Firmer Asian export quotes support global rice values, but traders expect off-season supply in June and July to cap gains. Buyers should expect rice to stay range-bound.
brecorder.comReutersMay 9, 2024Not 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.
