◂ Event Timeline

Jan 16, 2019TRADEAsia

Asia's rice exporters trigger a price war

Asian rice exporters including India and Vietnam are stepping up efforts to expand overseas sales to support farmers, while Thailand is losing market share. The report describes a price war emerging among the major suppliers.

WHY IT MATTERS

Aggressive export pricing by India and Vietnam pushes down world rice quotations and pressures Thai exporters' margins, keeping the global rice price under pressure.

AFFECTSRough Rice▼

SOURCE
asia.nikkei.comAPORNRATH PHOONPHONGPHIPHAT, KIRAN SHARMA, Nikkei staff writersJan 16, 2019

Price reaction & history

Rough Rice▼bearishSO FAR1d +0.8%5d +3.7%20d -1.2%

After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.

Oct 3, 2019Asia rice-waning demand prompts Indian, Thai exporters to lower prices - The Business Times+2.5%
Jul 26, 2024VIETNAM RICE EXPORTER | VIETNAM RICE MILLER | VIETNAM RICE SELLER+0.4%
Jan 30, 2025Weak international export demand drives Platts Asian rice prices lower | S&P Global-4.5%
Dec 30, 2024India: Rice exports surge after easing of curbs+0.7%
Aug 10, 2021India re-emerges as rice and wheat exporter | World Grain+1.2%

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.

Rough Rice RICE · GP ▸

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