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Rice prices have risen 20-30% since September 2022 on Pakistan floods and falling global stocks, which are projected at their lowest since 2017/18. A strong El Niño could hit monsoon harvests in India and Bangladesh.
The authors say the rice market's period of calm may be ending.
Projected multi-year low stocks and El Niño monsoon risk point to upward pressure on rice prices, raising costs for rice-based feed inputs.
publisher.tbsnews.netAbdullah Mamun, Joseph GlauberJun 6, 2023After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
