Loading…
Rice prices rose 20-45% in key Asian producers in 2020 as demand for lower-quality rice as animal feed grew and shipping costs soared. The FAO warned that export curbs from Asia could squeeze supplies in sub-Saharan Africa, which imports about 40% of its rice, between June and October.
Growing feed demand for lower-grade rice and higher freight costs keep rice prices supported, and any Asian export curbs would tighten global supply during the African lean season.
checkout.ieMaev MartinJan 21, 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.
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.
