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Ghanaian milling company Avnash Industries says lower customs charges at ports have made imported rice cheaper, forcing it to cut local rice prices from GHS183 to GHS155 per bag. The company holds about 200,000 bags bought from farmers and warns that stored stock is at risk of spoilage.
Cheaper imported rice undercuts local Ghanaian prices, reinforcing a bearish outlook for rice trade in West Africa.
citinewsroom.comNerteley NetteyNov 18, 2019After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
