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International rice prices have risen to a six-year high as drought keeps output low in key exporters Thailand and Vietnam. Saltwater damage and urbanization are also reducing production, and panic buying linked to the coronavirus pandemic is tightening supply.
Lower exporter output combined with stockpiling demand tightens the global rice supply, supporting higher export prices and raising feed-grade rice and broken-rice costs for buyers.
asia.nikkei.comTOMOYA ONISHI, MARIMI KISHIMOTO, Nikkei staff writersMar 30, 2020After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
