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Vietnam signed a contract to buy 70,000 tonnes of 100% broken rice from India for shipment in January and February at about $310 per tonne FOB. Vietnamese feed producers are buying the lower-grade rice because domestic supplies of broken rice for animal feed have become scarce.
Vietnam's first purchase of Indian rice in decades adds import demand for low-grade broken rice used in animal feed, which supports prices for feed-grade rice.
english.vov.vnVNAJan 8, 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.
