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Thailand's Internal Trade Department is urging customs and border officers to crack down on smuggling of unmilled glutinous rice from Vietnam via Cambodia. Glutinous rice fetches up to 12,000 baht per tonne in Thailand, about 4,000 baht above neighbouring countries.
Officials warn that contraband flooding could depress domestic prices.
Smuggling is a niche domestic issue for glutinous rice that has little bearing on global feed grain or rice benchmark prices.
bangkokpost.comPhusadee ArunmasJun 9, 2019After 442 past trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.3%), 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.
