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Bangladesh approved purchases of 100,000 tonnes of parboiled rice from India at $455 a tonne and 100,000 tonnes of white rice from Myanmar at $442 a tonne. It also plans 150,000 tonnes from Thailand at $465 and is targeting 1.5 million tonnes of imports by June after floods hit its crop.
Large state-to-state Bangladeshi import deals absorb Asian export supply and are likely to lift regional rice prices, which were already at multi-year highs.
riceplusmagazine.blogspot.comRiceplus MagazineOct 23, 2017After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
