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Vietnam is importing cheaper Indian rice for domestic use while keeping its own crop for export, as Vietnamese prices have outperformed Thai prices. The article cites new trade access through an EU free trade agreement and the RCEP, and says Thailand has slipped to third place among exporters.
Vietnam's export strength and Thailand's loss of premium pricing shift global rice trade flows, though the effect on benchmark prices is limited in the near term.
bangkokpost.comSuwatchai SongwanichJan 25, 2021After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
