# Rice prices hit 7-year high as supply dwindles from coronavirus demand

> 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.

- Date: 2020-04-08 · published 2020-04-08T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/53701-rice-prices-hit-7-year-high-as-supply-dwindles-from-coronavirus-demand
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bullish ▲

## Sources

- axios.com: https://www.axios.com/2020/04/08/rice-prices-coronavirus-demand

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