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Rice prices were firmer at the start of 2020, with the US and Thailand posting higher quotes. US industry sources cited tight Gulf supplies and a bidding war among buyers, and noted the phase one US-China trade deal's potential to boost rice exports.
Tight near-term supplies and new export access for US rice support a firmer rice price outlook, though the story is a weekly market review rather than a new shock.
world-grain.comChris LyddonMar 2, 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.
