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Iraq's buying entity is considering purchasing Thai rice for August shipment, while US industry hopes the existing MOU rice deal will be fulfilled. Thai rice is priced at a substantial discount to US rice, creating uncertainty about the destination of the purchase.
A potential Iraqi purchase of Thai rice would add export demand, but the discount to US rice suggests price competition among exporters.
spglobal.comJul 6, 2022After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
