Loading…
Flooding slowed the rice harvest across most Asian hubs, lifting Vietnamese 5% broken export prices to $485-$495 per tonne while Thai 5% prices fell to $435-$440 on weak demand. In Bangladesh, floods damaged crops worth $4.29 billion and pushed domestic rice prices higher despite a government move to set wholesale rates.
Harvest disruption and crop damage tighten near-term regional supply, supporting Asian rice prices, while weak Thai and Indian demand and a weaker rupee cap gains.
en.prothomalo.comReutersOct 23, 2020After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
