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RiceBran Technologies signed a three-year supply agreement with Golden Ridge Rice Mills in Arkansas for at least 9.6 million pounds of stabilized rice bran annually, a 32% increase in its supply. RBT also secured an option to buy Golden Ridge's assets and is lending funds for a new production facility.
This is a company-level deal for a niche rice byproduct and has negligible effect on feed or grain prices.
prnewswire.comRiceBran TechnologiesJul 9, 2018After 442 past trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.3%), 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.
