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APTERR examines how El Niño has extended dry, hot weather across ASEAN Plus Three from mid-2023 into mid-2024. Temperatures above 40 degrees Celsius have stressed rice plants, and Indonesia's prolonged drought has disrupted rice production and kept prices high.
Heat and drought stress on the region's main staple crop support rice prices and raise the likelihood of higher regional rice imports.
apterr.orgapterr2018Jan 31, 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.
