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Indian 5% broken parboiled rice rose to $398-$403 per tonne and Vietnamese 5% broken rose to $510-$515 per tonne this week. Demand pickup from Philippine, Bangladeshi and Indonesian buyers lifted quotes, and Bangladesh issued a tender for 50,000 tonnes.
Firm import demand and a new Bangladesh tender support Asian rice export prices in the near term.
brecorder.comReutersMar 18, 2021brecorder.comReutersMar 19, 2021brecorder.comReutersMar 19, 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.
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.
