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The Philippine National Food Authority awarded only three rice import contracts totalling 47,000 MT against a 250,000 MT target, and will rebid unawarded lots alongside later batches. The government also set suggested retail prices for rice starting October 27.
Slow Philippine import uptake and rebidding suggest continued demand for Asian rice, a modest support for export prices.
bworldonline.comCEDTyCleaOct 23, 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.
