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A World Grain review says Asian rice prices fell on limited demand while US and South American offers firmed. It cites IGC data showing Thai 5% broken down 3% to a near four-month low of $376 fob, and notes a sharp rise in Thai jasmine prices on Iranian purchases.
Mixed regional trends suggest ample Asian export supply, while firmer US offers reflect tighter domestic availability, which is mostly background for feed grain buyers.
world-grain.comChris LyddonOct 17, 2017Not 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.
