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Pakistani rice processors have sharply increased working-capital borrowing, rising 62% from September to December 2022. Meanwhile USDA forecasts Pakistan's 2022-23 rice output at 6.6 million tonnes, and exports fell 23% in the first six months of the fiscal year.
Lower Pakistani output and exports reduce supply available to global rice markets, supporting prices for Asian rice exports.
brecorder.comBR ResearchJan 25, 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.
