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Vietnam's 5% broken rice rose to $400 per tonne from $385 two weeks earlier, rebounding from its lowest level in more than a year. Government purchases to restock reserves and rising domestic demand supported prices, while Indian 5% broken parboiled was unchanged at $358-$363.
Buyers delayed purchases from India, expecting high freight rates to ease.
Government restocking in Vietnam and delayed Indian purchases tighten near-term Asian rice supply, supporting prices. High freight costs are also restraining Indian export volumes.
dttc.sggp.org.vnBrecorderSep 9, 2021After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
Not 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.
