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Vietnam's State reserve agencies opened a second tender on May 12, 2020 to buy 182,300 tons of rice for the national reserve, with contractors selected from domestic suppliers only. The article focuses on the pricing rules and supervision of the reserve purchases.
Government purchases of 182,300 tons remove domestic rice from the market and can firm Vietnamese prices. The impact on world prices is modest relative to global trade volumes.
vccinews.comVietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-BusinessMay 15, 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.
