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

> 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.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: logistics · region Africa · magnitude low
- Page: https://feedsoft.ai/events/43227-africa-the-collapse-of-commodity-trader-phoenix-shakes-up-rice-trade-19-01-2022
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-07-23 | [Withdrawal of Regularity in Rough Rice  - CME Group](https://feedsoft.ai/events/23836-withdrawal-of-regularity-in-rough-rice-cme-group.md) | +0.0% | +1.1% |
| RICE | 2021-08-20 | [Rice Prices Firm Up as Weather Permits a Growing Harvest](https://feedsoft.ai/events/45629-rice-prices-firm-up-as-weather-permits-a-growing-harvest.md) | +0.9% | +4.4% |
| RICE | 2019-07-29 | [More rice mills stop operations \| Philstar.com](https://feedsoft.ai/events/58170-more-rice-mills-stop-operations-philstar-com.md) | -4.0% | -10.0% |
| RICE | 2021-12-06 | [Importers to pay N300b freight rates on foreign rice to Nigeria, others \| The Nation](https://feedsoft.ai/events/43667-importers-to-pay-n300b-freight-rates-on-foreign-rice-to-nigeria-others-the.md) | -1.7% | +2.6% |
| RICE | 2021-07-15 | [Rice sector revisits tactics as exports hit \| The Phnom Penh Post](https://feedsoft.ai/events/46157-rice-sector-revisits-tactics-as-exports-hit-the-phnom-penh-post.md) | +3.7% | +4.7% |

## Sources

- africaintelligence.com: https://www.africaintelligence.com/west-africa/2022/01/19/the-collapse-of-commodity-trader-phoenix-shakes-up-rice-trade,109717779-eve

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.