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US medium-grain rice exporters report Turkey has effectively closed as a market after Turkey raised tariffs on US farm goods following the EU's similar move. Exports to the EU have slowed despite a 25 percent tariff, and China's rice access deal stalled after trade relations soured in June.
Lost export outlets for US rice add to domestic supply pressure, weighing on California and US medium-grain rice prices.
agnetwest.comBrian GermanOct 18, 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.
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.
