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Thai 5% broken white rice, an Asian benchmark, has risen $57 over two weeks to $640 per ton after a period of calm. Prices are just short of the highest since October 2008, reached in August after India's sweeping export curbs.
Tighter Asian rice supply and firm benchmark prices lift the cost of rice-based feed ingredients and support sentiment across grains; buyers should expect elevated rice prices to persist while Indian export restrictions remain.
bloomberg.comBen Sharples, Patpicha TanakasempipatNov 30, 2023Not enough comparable past events yet for a historical read.
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.
