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Asian export rice prices were little changed in major hubs with few new deals. Vietnam's 5% broken rice held at $350 a tonne and is expected to fall as the summer-autumn harvest peaks mid-June.
Bangladesh lifted its long-standing rice export ban aiming to sell up to 1.5 million tonnes.
Bangladesh's return to export markets and the Vietnamese harvest add supply to Asian rice, pressuring export prices lower. Rice is a minor feed ingredient, so the effect on feed costs is limited.
thehansindia.comNarendraMay 30, 2019Not 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.
