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USDA's Economic Research Service projects US rice imports of 32.5 million hundredweight for 2019/20, up 9% from a year earlier and a third consecutive record. Demand for Asian aromatic varieties such as Thai jasmine and Indian and Pakistani basmati drives the increase.
Rising imports take a larger share of the US rice market, which can limit domestic rice price gains. The effect on feed-grain markets is minimal because these are mainly aromatic table rice varieties.
ricefarming.comVickyApr 1, 2020After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
