# SunRice offers fixed price deals so farmers plant rice for hungry markets  | Farm Online | ACT

> SunRice is offering forward fixed-price contracts to Australian rice growers, paying $475 per tonne for Reiziq, $525 for Doongara and $625 for Koshi, to secure local supply for the 2021 harvest. Local stocks are almost exhausted, and last season's crop totalled only 45,000 tonnes.

- Date: 2020-07-24 · published 2020-07-24T12:00:00.000Z
- Category: logistics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/52178-sunrice-offers-fixed-price-deals-so-farmers-plant-rice-for-hungry-markets-farm
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

With Australian supply short and irrigation water likely constrained, SunRice must source most of its roughly 1 million tonne annual requirement overseas, which supports firm rice prices in the export market.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-01-17 | [Indian rice traders stop new export deals due to shortage of freight trains \| Stock Market News](https://feedsoft.ai/events/43112-indian-rice-traders-stop-new-export-deals-due-to-shortage-of-freight-trains.md) | +5.6% | +6.1% |
| RICE | 2021-08-26 | [Rice import prices to rise as freight rate increases in West African Markets](https://feedsoft.ai/events/45630-rice-import-prices-to-rise-as-freight-rate-increases-in-west-african-markets.md) | -2.8% | +3.6% |
| RICE | 2020-08-17 | [Vietnamese rice export prices climb to over 8-year high - Markets - Business Recorder](https://feedsoft.ai/events/51704-vietnamese-rice-export-prices-climb-to-over-8-year-high-markets-business.md) | +3.4% | +2.7% |
| RICE | 2022-05-11 | [Edible oil firms in Telangana's Karimnagar district suffer from lack of rice bran](https://feedsoft.ai/events/41477-edible-oil-firms-in-telangana-s-karimnagar-district-suffer-from-lack-of-rice.md) | +3.5% | +2.0% |
| RICE | 2021-11-24 | [Freight and drought bite as the Californian Japonica rice market heads into 2022 - Commodities Focus](https://feedsoft.ai/events/44114-freight-and-drought-bite-as-the-californian-japonica-rice-market-heads-into.md) | -3.2% | -3.5% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6849165/special-contracts-offered-to-help-fix-aussie-rice-shortage/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.