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Flood-hit Bangladesh is restocking rice but imports are slowed by a weakening local currency against the dollar, with traders reporting limited import volumes despite government measures. Indian 5% broken parboiled rice was unchanged at $362-368 per tonne while Thai 5% broken fell to $400 from $420 on weaker FOB prices and good rains.
Weaker Asian currencies and softer Thai and Vietnamese export prices point to ample near-term rice supply, though India's lagging plantings could firm prices later.
brecorder.comReutersJul 29, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
