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Vietnamese 5% broken rice export prices fell to $485-$490 a tonne as buyers switched to cheaper Thai and Indian offers. A COVID-19 outbreak in the Mekong Delta slowed local sales, and high freight costs deterred exporters.
Lower Vietnamese offers and competition from cheaper Indian and Thai rice point to softer Asian rice export prices. Freight costs are the main offsetting factor.
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.