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A Bangladeshi delegation led by the food minister returned from Vietnam, Cambodia and Thailand without signing any rice import deal or MoU. Officials said Bangladesh wants to diversify away from India because global rice prices may rise further next year, and it has already started importing from Vietnam.
Bangladesh's diversification efforts signal continued import demand from non-Indian suppliers, which supports Asian rice export prices if deals follow.
en.prothomalo.comIftekhar MahmudDec 13, 2022After 189 past bullish trade events, 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.
Bangladesh's import push and its expectation of higher global rice prices next year point to added import demand and bullish sentiment, though no deal was signed.
