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The Philippines' National Food Authority rejected Thai and Vietnamese bids in its second government-to-government auction for 203,000 MT of 25% broken long grain rice, as offers of about $480-483 per MT exceeded its $447.88 reference price. The shortfall follows the agency's earlier depletion of inventories.
Failed tenders mean the Philippines is still short of import volume, which could keep Asian rice export prices supported if the country returns to the market at higher prices.
bworldonline.comCEDTyCleaNov 13, 2018After 189 past bullish trade events, Rough 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.
