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Cambodia's agriculture minister asked Vietnam to help buy paddy from Cambodian farmers at Vietnamese market prices. Vietnam agreed to review the request, with state bank Agribank offering credit to Vietnamese buyers.
The two sides also plan to expand contract farming.
Vietnamese buying support for Cambodian paddy could firm local farm-gate prices during harvest and ease the glut. The effect on world rice prices is likely small.
phnompenhpost.comFeb 4, 2019After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
