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Vietnamese businesses submitted the lowest bids, at $564.5 per ton, in Bulog's May 21 tender for 300,000 tons of 5% broken rice. Bulog set its negotiating price at $563 per ton C&F, below the lowest bid, while Thai bids reached $658.5.
Competitive Vietnamese offers at low prices cap global 5% broken rice values and pressure Thai and Indian sellers. Buyers can expect cheaper Vietnamese supply.
van.nongnghiepmoitruong.vnTuan VietMay 28, 2024After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
