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Rough rice futures on the Chicago Mercantile Exchange rose to their highest in six years, according to FactSet data. Thailand's broken white rice hit a seven-year high in late March, and Thai exporters reported 5% broken white rice up 12% between March 25 and April 1.
Higher rice prices reflect both stronger demand from local stockpiling and constrained supply from rerouted shipping and travel bans. Tighter rice supplies lift the cost of a substitute staple and can support feed-grain and wheat prices.
axios.comDion RabouinApr 8, 2020Not enough comparable past events yet for a historical read.
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.
