Loading…
Thai 5% broken rice fell to $380-$400 per tonne as the baht weakened and new harvest supply arrived, while Indian parboiled rice held near 21-month lows. Thailand expects to meet its 11 million tonne export target and is hoping for Philippine and possible Chinese deals.
A weaker baht and seasonal new-crop supply pressure world rice export prices lower, though possible Philippine or Chinese government purchases could offer support.
bangkokpost.comReutersNov 1, 2018After 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.
Not 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.
