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Vietnam's 5% broken rice prices rose to $550-575 per tonne in the week to July 27, the highest since 2011, after India's export ban. Thai 5% broken rose to $605-610, a 11-year high, and domestic Vietnamese retail rice prices also climbed sharply.
The report confirms that India's ban is driving Southeast Asian rice prices higher, tightening export supply for importers. Higher rice prices may also push feed-grain demand.
english.vtv.vnVNAJul 31, 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.
