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Vietnamese rice prices rose by about $5 a tonne from the previous week to roughly $490-495, reflecting reduced domestic supply. Analysts expect the increase to stall by the end of September as the autumn-winter harvest begins and Philippine importers pause purchases.
Tighter Vietnamese supply briefly supported export prices, but the coming harvest and reduced Philippine buying are likely to cap further gains. The net effect on rice prices is small.
tridge.comNguyen QuanSep 14, 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.
