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Twelve companies attended the pre-bid conference for the National Food Authority's planned import of 250,000 metric tons of 25% broken rice. The actual bidding was scheduled for October 18, as part of a 750,000 MT import program approved for the year.
A large Philippine tender for 750,000 MT of imports supports Asian export demand and rice prices.
bworldonline.comCEDTyCleaOct 5, 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.
