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Vietnamese companies have won bids to supply rice to Indonesia and the Philippines, and are bidding on a 70,000-ton Korean japonica tender with results expected May 9. The Philippines' NFA plans to import 250,000 tons under a G2G/G2P tender set for May 22, and Vietnam secured a 130,000-ton deal from an earlier government-to-government tender.
Multiple large import tenders from Asian buyers support Vietnamese export demand and firm rough rice and Asian export quotes. Demand from the Philippines and Korea tightens near-term supply for exporters.
en.cand.vnThe Saigon TimesMay 11, 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.
