Loading…
USA Rice met with Central American rice federation FECARROZ to discuss trade collaboration. CAFTA-DR is the second-largest export market for US rice, taking more than 500,000 MT worth $170 million in 2017.
The newsletter also cites the June WASDE report.
The event is a relationship-building meeting with no new trade volume or policy change. It has little effect on rice prices or feed supply.
riceplusmagazine.blogspot.comRiceplus MagazineJun 12, 2018After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
