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Thailand and Vietnam agreed to cooperate on raising rice prices in the global market, the first such agreement between the two countries. The two countries supply about 26% of global rice exports, and no timing for price moves was given.
Coordinated export positioning by the two largest exporters could firm global rice quotes if it translates into export price floors or supply discipline.
straitstimes.comAug 29, 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.
