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World Grain's market review says rice prices firmed in March, with Thai 5% broken up $4 to $409 fob Bangkok and Vietnamese 5% up $26. The IGC said rice prices rose about 1% in the month, driven by broad gains across grains and oilseeds.
Rice is only lightly affected by the Black Sea conflict, but higher wheat and maize prices may lift demand for broken rice in feed mixes. Ample supplies are limiting the gains.
world-grain.comChris LyddonMar 23, 2022Not 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.
