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Mozambican importers are reducing and halting purchases of Vietnamese rice after a sharp rise in cost-and-freight offer prices. The report is brief and gives no volume figures.
A jump in Vietnamese offer prices that stalls African import demand could weigh on export volumes, though the effect on global benchmarks is likely small.
tridge.comAfonso NaeneJul 22, 2021After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
