◂ Event Timeline

Jan 19, 2022LOGISTICSAfrica

AFRICA • The collapse of commodity trader Phoenix shakes up rice trade - 19/01/2022

Veteran traders have moved from the liquidated Phoenix Global to competitors Swiss Singapore, Olam and Ameropa, who are positioned to capture African rice trade. The firms are well placed to meet a current surge in demand.

WHY IT MATTERS

Trader consolidation in African rice may shift export flows and handling capacity, with limited direct price impact.

AFFECTSRough Rice◆

SOURCE
africaintelligence.comJan 19, 2022

Price reaction & history

Rough Rice◆neutralSO FAR1d +0.9%5d +3.1%20d +2.0%

After 14 past neutral logistics events, Rough Rice moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% over 20.

Jul 23, 2025Withdrawal of Regularity in Rough Rice - CME Group+0.0%
Aug 20, 2021Rice Prices Firm Up as Weather Permits a Growing Harvest+0.9%
Jul 29, 2019More rice mills stop operations | Philstar.com-4.0%
Dec 6, 2021Importers to pay N300b freight rates on foreign rice to Nigeria, others | The Nation-1.7%
Jul 15, 2021Rice sector revisits tactics as exports hit | The Phnom Penh Post+3.7%

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.

Rough Rice RICE · GP ▸

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