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Thailand's prime minister proposed that Thailand and Vietnam coordinate to raise rice export prices, and Vietnamese officials met Thai counterparts on a cooperation framework. Thai exporters called the idea nearly impossible to implement, and Thailand is not planning export curbs.
Talk of coordinated price hikes signals exporter confidence but is unlikely to change physical supply, so the price effect is limited for feed buyers.
ukragroconsult.comMay 30, 2022After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
