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Indonesia's Bulog bought 500,000 tonnes of 5% white rice in a 29 January tender, with 14 of 17 lots going to Vietnam. Thai offers saw no sales, and Vietnamese and Myanmar prices firmed in response.
Large Bulog purchases concentrated in Vietnam support Asian export prices and signal strong Indonesian import demand.
ssricenews.comFeb 2, 2024After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
