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Brazil exported 197.5 thousand tons of rice in May, up 44.6% from April and far above May 2022. Imports rose 13% month on month to 127.8 thousand tons, while Cepea reported low liquidity in Rio Grande do Sul as producers held back supplies because prices did not cover production costs.
Higher Brazilian export demand and producer reluctance to sell support rice prices, though the impact on feed markets is modest.
datamarnews.comGabriel MalheirosJun 14, 2023After 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.
