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Vietnam's 5% broken rice was offered free on board at $438 per tonne, the highest since July 2021, up from $425-430 the previous week. Traders attributed the rise to tightening Mekong Delta supplies and expected further gains to year-end on rising demand from China and Europe.
Tighter Vietnamese supplies and firmer export offers push up the global rice benchmark, raising import costs for rice-importing buyers. Prices are expected to keep edging higher into December.
brecorder.comReutersNov 25, 2022After 189 past bullish trade events, Rough 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.
