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Asian rice export prices fell to multi-month lows in the week to July 23, with Vietnam's 5% broken rice dropping to $395-$400 per tonne from $465-$470. Indian and Thai quotes also declined to multi-month or near two-year lows, citing weak demand, rising supplies and a weaker baht.
Lower export quotes from the largest rice exporters weigh on global rice values and reduce the cost advantage of rice relative to feed grains, which can pressure feed-use pricing.
brecorder.comReutersJul 23, 2021Not enough comparable past events yet for a historical read.
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.
