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The IGC reported that world white and parboiled rice markets strengthened from November to January, with its rice sub-index up 4%. Thai 5% broken offers hit a six-month high of $417, and US No. 2 rice rose to $528 fob Gulf, the highest since November 2014.
Firmer Asian demand, Indonesian purchase interest and currency moves are lifting export quotes, which supports rough rice prices for feed-grade and by-product buyers.
world-grain.comChris LyddonFeb 14, 2018Not enough comparable past events yet for a historical read.
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.
