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Vietnamese 5% broken rice export prices rose to $480-$490 per tonne, the highest since late 2011, as supplies stayed constrained. Border closures with Cambodia cut paddy purchases, and India and Thailand also face worker shortages and limited supply.
Vietnamese exporters have stopped signing new contracts because their rice is now expensive relative to competitors.
Coronavirus restrictions are limiting paddy and milling supply across major Asian exporters, which keeps global export prices elevated. High Vietnamese prices could slow new sales and shift demand to cheaper origins.
brecorder.comReutersAug 17, 2020After 21 past bullish logistics events, RICE moved a median -0.5% over 5 sessions (38% higher; middle half -2.0% to +1.8%), and +3.6% 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.
