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The South Louisiana Rail Facility plans an $11.6 million rice mill in Jefferson Davis Parish, able to handle up to 25,000 bushels of rice per hour. Construction is slated to begin in September with completion expected by January 2021.
Added export handling capacity for Louisiana rough rice could modestly improve local marketing access, but the project is too small to move global prices.
ricefarming.comVickyJun 12, 2020After 14 past neutral logistics events, Rough Rice moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% 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.
