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USA Rice met with the Central American Rice Federation to discuss analysis of the CAFTA-DR free trade agreement. FECARROZ requested further study of a scenario where regional MFN tariffs go to zero, which would erase US preferential access.
The groups also discussed joint promotion activities.
Central America is a significant US rice export market, so a loss of preferential access would matter, but the talks are at an early analytical stage with no immediate price impact.
lafarmbureaunews.comdon molinoJun 12, 2019After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
