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FAO's GIEWS country brief for Guinea-Bissau reports that coarse grain planting is underway with rains expected in early June. The country's 2022 cereal output was 301,000 tonnes, but it relies on imports of rice and wheat, with 2022/23 import needs about 11 percent above the five-year average.
Higher import needs in a small West African market add minor demand for rice and wheat, though the volume is too small to move global feed grain prices.
reliefweb.intMay 23, 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.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
