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Rice farmers in Region Two of Guyana, along the Essequibo Coast, are now being paid G$2,900 per bag of paddy, up G$100, with some large mills paying G$3,000 for top-grade paddy. The rise follows farmer appeals in February and recovering rice exports to Mexico and Cuba.
Stronger export demand from Mexico and Cuba is lifting local paddy prices in Guyana, a small regional supplier. The effect on world rough rice prices is likely limited.
kaieteurnewsonline.comKNewsApr 15, 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.
