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Guyana's Essequibo rice farmers report shrinking margins after the loss of the PetroCaribe arrangement with Venezuela, which had once paid up to US$700 a ton. Paddy now fetches around US$375 a ton, and acreage has not yet declined.
This is a regional income story with limited effect on world prices, since the Essequibo rice sector is small relative to global supply.
stabroeknews.comStabroek NewsJun 23, 2017After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% 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.
