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The FAO All Rice Price Index rose 2.8% in July to 129.7 points, its highest since September 2011. Prices were lifted by India's non-basmati white rice export ban, El Niño concerns and rain disruption to Vietnam's harvest.
A near 12-year high in the FAO rice index signals strong global price momentum that feed buyers should expect to persist while India's export restrictions and El Niño risks remain.
cnbc.comLee Ying ShanAug 10, 2023After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
