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Asian rice export rates declined this week, with Vietnamese and Thai 5% broken prices falling, while India's 5% broken held static at $525-$535 per ton. India's curbs on parboiled rice, including a 20% duty imposed in August, stalled activity as buyers held off.
Indian export restrictions keep the world's largest exporter largely out of the market, supporting firm Asian rice prices, though softer Thai and Vietnamese quotes signal some easing in demand. Feed buyers should expect rice-based feed ingredients to stay relatively expensive.
brecorder.comReutersSep 21, 2023After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
