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A NAMC commentary reviews temporary COVID-19 trade restrictions on rice imposed by 12 countries as of May 10, 2020, including Vietnam, the Philippines, India and Russia. It warns that South Africa, which imports over 90% of its rice, faces food price fluctuations and food security risks from these measures.
Export restrictions by major Asian producers tighten global rice availability and push up import prices, which affects importers like South Africa. The analysis is backward-looking on measures already in place, so its direct price impact is limited.
namc.co.zaLucius PhalengJul 29, 2020After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
