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US rice growers are struggling as prices fall below production costs and compete with Thailand, Vietnam and India. Growing stockpiles and lost market share in Mexico are cited, and some farmers are considering fallowing acres.
Persistent US surplus and loss of export share keep domestic rice prices weak. Possible acreage cuts could eventually support prices, but the near-term outlook is bearish.
ajot.comBloombergMar 1, 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.
