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S&P Global reports that price spreads between head and broken rice grades in Asia have narrowed significantly. Feed demand for broken rice has increased, reducing availability of broken grades.
Strong feed demand for broken rice, driven by high corn prices, tightens supply of a cheaper feed ingredient and supports broken rice prices relative to head rice, which matters for feed buyers substituting grains.
spglobal.comFeb 28, 2022Not enough comparable past events yet for a historical read.
Not 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.
