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Thailand and Vietnam discussed a rice pact to raise export prices, but Thai industry officials called it impossible and Vietnam had not confirmed the plan. India accounts for about 40% of global supply, and its export prices recently hit a five-year low.
A failed Thai-Vietnam cartel leaves competition from India intact, keeping global rice prices pressured by ample Indian supply.
commodity-board.comAnala RajkotJun 2, 2022After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
