Loading…
Indonesia's Ministry of Agriculture has set up precautionary measures against La Nina, which is predicted to arrive in the fourth quarter of 2021. The plan includes flood-vulnerability mapping and an early warning system.
Flooding risk to Indonesian rice could cut domestic output and raise import demand, a modest bullish factor for rice prices.
ricetoday.irri.orgSep 21, 2021After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
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.
