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The International Grains Council reported that average international rice prices were little changed month-on-month in mid-February, as Lunar New Year slowed sales. Thai 5% broken fell $23 to $460 per tonne fob Bangkok, while Indian 5% broken rose $15 to $433.
Flat-to-mixed export quotes with weak buying interest point to soft near-term rice demand, while Indian firmness and a South American drought-driven abandonment of Argentine rice acreage offer some support.
world-grain.comChris LyddonFeb 22, 2023Not enough comparable past events yet for a historical read.
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.
