Loading…
Vientiane authorities set maximum rice prices, capping paddy sticky rice at 3,600 kip/kg for farmers and grade B polished wholesale at 6,800 kip/kg with retail capped at 7,400 kip/kg. The move follows crop losses from natural disasters and the Covid-19 economic crisis, with wet-season planting underway.
Price caps are a local consumer-protection measure and have limited effect on global rice benchmarks, though they signal tight domestic supply in Laos.
jclao.comJ&C AdminJul 13, 2020After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
