# Freight and drought bite as the Californian Japonica rice market heads into 2022 - Commodities Focus

> California Japonica rice prices for US #1 4% broken white rice are at their highest in ten years. Freight out of California is hard to secure at affordable rates, while Australia and China are gaining share with their stockpiles.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/44114-freight-and-drought-bite-as-the-californian-japonica-rice-market-heads-into
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

High benchmark prices combined with freight constraints tighten Japonica supply to buyers, while competing origins' stock sales cap upside.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-08-26 | [Rice import prices to rise as freight rate increases in West African Markets](https://feedsoft.ai/events/45630-rice-import-prices-to-rise-as-freight-rate-increases-in-west-african-markets.md) | -2.8% | +3.6% |
| RICE | 2021-08-17 | [Rice exports from India to take a hit this year - Commodities News \| The Financial Express](https://feedsoft.ai/events/45523-rice-exports-from-india-to-take-a-hit-this-year-commodities-news-the-financial.md) | -1.2% | -0.8% |
| RICE | 2022-01-17 | [Indian rice traders stop new export deals due to shortage of freight trains \| Stock Market News](https://feedsoft.ai/events/43112-indian-rice-traders-stop-new-export-deals-due-to-shortage-of-freight-trains.md) | +5.6% | +6.1% |
| RICE | 2020-07-31 | [Virus slows Indian rice exports; heavy flooding hits Bangladesh - The HinduBusinessLine](https://feedsoft.ai/events/52087-virus-slows-indian-rice-exports-heavy-flooding-hits-bangladesh-the.md) | -0.5% | +9.4% |
| RICE | 2020-08-17 | [Vietnamese rice export prices climb to over 8-year high - Markets - Business Recorder](https://feedsoft.ai/events/51704-vietnamese-rice-export-prices-climb-to-over-8-year-high-markets-business.md) | +3.4% | +2.7% |

## Sources

- castro.fm: https://castro.fm/episode/RZn6V9

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