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Vietnamese 5% broken rice rose to $500-505 per tonne, the highest since December 2011, on thin domestic supplies and continued Philippine buying. Thai benchmark prices dipped slightly from a multi-month high as high prices cooled demand.
Bangladesh plans to cut its rice import duty to 25% from 62.5%.
Tight Vietnamese supplies and firm Philippine demand support export rice prices, while the Bangladesh duty cut could lift Asian import demand.
brecorder.comReutersDec 31, 2020After 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.
