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Costa Rica published new rules requiring rough rice samples to be milled before chemical residue testing, resolving a long-running dispute. The change followed talks between USA Rice, USDA and USTR.
Costa Rica imports about 80,000 tons of US rough rice annually.
Fewer held-up shipments support steady US rough rice export flows to a loyal buyer. The impact on world prices is small.
usarice.comFeb 14, 2020After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
