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Asian governments are moving to restrict rice exports over food security fears, with Vietnam temporarily suspending new export sales amid Mekong Delta drought. Myanmar has said it may also cut exports.
Russia, Kazakhstan and Ukraine have already moved to limit wheat exports.
Export suspensions by the world's third-largest rice shipper and others remove supply from the global market and push up rice prices. Panic buying is adding to the demand pressure.
indianexpress.comBloombergApr 1, 2020
ghanaweb.comApr 6, 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.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.
