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China has expanded its strategic rice stockpile since about 2010 and has begun exporting some surplus while remaining a net importer. The global rice price index has risen to around an 18-month high.
A tightening Asian rice glut and firmer global index prices support rice values and could lift feed rice and broken rice costs. The article is largely analytical rather than a new shock.
gro-intelligence.comJan 24, 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.
