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Indonesia's Bulog is expected to hold a rice tender in May, with Asian exporters watching closely. Bulog has bought 1.4 million tons across four tenders in 2024 and set a 3.6 million ton import quota, down from 3.8 million, because El Niño dryness reduced Southeast Asian output.
Bulog's lower import quota and reduced regional output signal tighter Asian supply, supporting rice prices. A large Bulog tender would be a key price catalyst.
ssricenews.comAdminMay 7, 2024After 168 past bullish policy events, RICE moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
