Loading…
Vietnam's Ministry of Industry and Trade reported rice exports from January to November of 5.7 million tonnes worth $2.86 billion, up 16.8% in value year-on-year. Average export prices reached $504 per tonne, up 12.3%, and Tan Long Group won a contract to export 118,000 tonnes to the Philippines.
Stronger Vietnamese export values and new contracts in Southeast Asia support firmer global rice prices. Diversification away from China reduces dependence on a single weak market.
en.vietnamplus.vnVietnam+ (VietnamPlusDec 12, 2018After 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.
