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The Business Standard reports that the Russia-Ukraine war has lifted maize prices by about $1 per bushel, and Bangladeshi feed producers are considering replacing maize with rice. China is also buying rice to fill its maize shortfall, and the article warns this could push up domestic rice prices.
Losing Black Sea maize supply is pushing feed makers toward rice, which tightens the rice market and could make imports more expensive for Bangladesh.
publisher.tbsnews.netShawkat AliMar 25, 2022After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 12 past bullish geopolitics events, Rough Rice moved a median +1.6% over 5 sessions (58% higher; middle half -0.5% to +6.8%), and +5.4% 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.
