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Vietnamese 5 percent broken rice rose to $465-$475 a ton, the highest since January 2012, despite an ongoing mini harvest. Indian 5 percent parboiled rice fell $6 to $393-$397 a ton as demand slowed, ahead of Bangladesh imposing a 28 percent import duty on rice to protect its farmers.
Bangladesh's steep import duty will likely cut Indian export demand and weigh on Asian rice prices, while tight Vietnamese supply supports higher quotes in that market.
e.vnexpress.netReutersJun 8, 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.
Vietnamese export prices hit the highest since January 2012 (published June 8, before the window end), signaling firm global rice prices that could support US rough rice.
Vietnamese 5% broken export prices hit their highest since January 2012, signaling firm global rice values that could lift US rough rice futures, although Indian prices slipped and the report predates the move.
