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Vietnam's rice exports are projected to fall to 6.5-7.0 million tonnes this year from a record 8.1 million tonnes last year, as Vietnam shifts toward higher-quality, higher-priced rice. Demand from Indonesia, the Philippines, Malaysia, China and Africa is rising as El Nino is expected to last into mid-2024, and India's 5% broken parboiled rice reached a record price.
Lower Vietnamese export availability and firm Asian demand tighten the global rice trade and support higher world rice prices.
ukragroconsult.comMar 11, 2024After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
