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World Grain's review says rice price trends have been mixed, with South American values surging on tight supplies while Asian prices declined as harvests began. US prices were mostly steady except in California, where a bigger harvest pushed prices down.
It cites USDA ERS data showing Thai and Vietnamese quotes falling in early October.
Mixed regional moves mean no clear global rice price direction; Asian harvest pressure is the main downside factor for export quotes.
world-grain.comChris LyddonDec 30, 2020Not 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.
