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Vietnamese five percent broken rice rose to $355-$360 a ton FOB, the highest since August 2016, as China and several African countries returned to buy fragrant and white rice. Vietnamese prices remain $35-$40 a ton below Thai grain.
Paddy output from the winter-spring crop eased 2 percent to 9.8 million tons.
Renewed import demand from China and Africa supports Asian export prices at the end of Vietnam's main harvest. Vietnam's cheaper pricing is also attracting price-sensitive African buyers.
english.vov.vnVnExpressMay 13, 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.
