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Mexican rice industry leaders report that sales jumped 150-200% in April and May during the pandemic, driven by government support and panic buying. Sales fell sharply in July and early August, and the market is expected to return to normal levels in the coming months.
The pandemic-driven spike in Mexican rice demand has reversed, so underlying consumption is flat and import demand is not expected to grow. The effect on global rice prices is limited.
myemail.constantcontact.comSep 24, 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.
