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The USA Rice Federation's World Market Price subcommittee met in Washington and discussed the 2017 crop, global demand factors, and USDA estimates of China's rice stocks. It also noted over 108,000 MT of rice programmed for food aid in 2017.
The meeting is an industry discussion with no new supply or price shock, so it has little direct effect on rice prices.
usarice.comOct 31, 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.
