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International rice prices are rising, with Thai rice trading at its highest in about three years. Demand from Iran, which is now free of sanctions, is a key driver, and a strong baht is also lifting prices.
Iranian buying tightens Thai export supply and the stronger baht raises dollar-denominated export quotes, supporting higher global rice prices.
asia.nikkei.comJun 22, 2017After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
Not 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.
