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Rice prices in the Mekong Delta have risen over the past few weeks, lifting Vietnamese export prices. The Vietnam Food Association says the winter-spring crop fell 7.8% in output, with yields down 6.7% on nearly half the harvested area.
Cited USDA data point to record global rice output, however, and Thailand is working to clear old stockpiles.
A smaller Vietnamese crop supports export quotes, but record global supplies and Thai stock sales point to a buyers' market that limits the upside for rice prices.
english.vov.vnVietnamnetApr 11, 2017After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
