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Riceland Foods says the US has fallen to sixth in world rice trade with about a 7% share, while US imports now supply about 20% of the domestic market. Riceland argues that US milled rice is $150-$200 per ton more expensive than rivals, leaving US exports at a disadvantage.
High US costs and rising imports limit export demand for US rice, so price gains depend on Asian quotes rising substantially.
ricefarming.comVickyMar 9, 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.
