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RiceBran Technologies reported its quarter ended June 30, 2020, with Golden Ridge mill revenues down over 50% sequentially after it could not acquire enough rough rice. The company also said rice prices have fallen about 50% from peak levels and that the Louisiana harvest looks excellent.
It has engaged BMO Capital Markets to review strategic alternatives.
A roughly 50% retreat from peak rice prices, with a large and high-quality crop coming, points to softer rough rice prices. The company's own mill shortfall shows how tight supply had been earlier in the year.
sec.govAug 12, 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.
