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International rice prices have staged a small recovery in recent months but remain below year-earlier levels, according to the FAO. FAO's index fell 9.7% in October versus May and was 7.9% below October 2020, though export prices edged up 1.2% in October on the month.
Subdued Asian rice export prices weigh on the feed and cereal complex, and currency weakness against the dollar keeps offers competitive for importers. Modest gains suggest limited downside but no strong rally.
world-grain.comChris LyddonDec 14, 2021Not 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.
