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Thailand's Rice Exporters Association says a baht up more than 9% against the dollar over the past year is making Thai rice uncompetitive. Thai white rice is quoted at $425 a tonne, versus about $380 at last year's exchange rate.
Thai export uncompetitiveness shifts trade share toward India and Vietnam, which pressures Asian rice export prices lower.
en.vietnamplus.vnVietnam+ (VietnamPlusNov 5, 2019After 16 past bearish macro events, Rough Rice moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% over 20.
Not 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.
