Loading…
LDC executives said global rice supplies have stabilized after the 2023 surge tied to India's export ban. They warned that El Niño-driven dry weather poses a risk to irrigated crops in key producing countries.
Stabilized supply lowers near-term price pressure, but El Niño dryness could tighten Asian output later in the year. Buyers should watch reservoir levels in producing nations.
weknowrice.comJi-hyunMay 7, 2024After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.
