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Thai 5% broken rice quotes reached $655-660 per tonne, the highest since 2008, and Thai prices are on track for their largest annual gain since records began around 2000. Traders linked the rise to new demand from Indonesia and the Philippines, while Indian parboiled prices hit a two-month high.
Strong Asian import demand and short supply support higher rice prices. India's expected output drop could prompt it to extend export curbs, which would keep prices firm.
brecorder.comReutersDec 28, 2023After 189 past bullish trade events, Rough 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.
