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Chinese rice auction volumes held near 100,000 tonnes a week in early June, with prices stuck at low levels. Weak consumption in the off-season and loose supply and demand limited traders' purchases, and the outlook for the short-term rice market is weak.
Soft domestic Chinese demand and ample policy stocks keep Chinese rice prices subdued, which limits import needs and supports bearish sentiment in global rice markets.
chinagrainmachine.comJun 8, 2021Not 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.
