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Vietnam may post an 11% year-on-year rise in rice export volume for 2023, to over 8 million tonnes. Officials say the sector will seek new markets and promote sustainable production, against a backdrop of geopolitical disruption and El Niño concerns.
Higher Vietnamese export volumes add supply to world markets and partly offset tightness from India's restrictions. The effect on prices is modest.
millermagazine.comNewclick Dijital Reklam AjansıDec 11, 2023After 70 past neutral trade events, RICE moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
