# Rice and Sugar Futures: What’s Happening?

> European rice futures rose above $18 per hundredweight, their highest since June 2020, after the USDA cut its 2022 US production estimate to 164.3 million cwt. Global rice supplies fell 2.5 million tons to 686.8 million, with lower output in several Asian and African producers.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38758-rice-and-sugar-futures-what-s-happening
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A tighter global rice supply outlook and firm Indian export prices support higher rice values for feed and food buyers.

## Read by commodity

- RICE: bullish ▲

## Sources

- financebrokerage.com: https://www.financebrokerage.com/rice-and-sugar-futures-whats-happening/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.