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Japan's MAFF completed its fiscal 2016 SBS tenders on March 3, with US medium-grain imported rice selling at new lows of about 148 yen per kilogram. Imports remain about 40 percent cheaper than domestic B-class rice.
Persistently low import bids pressure Japanese domestic rice prices, though the impact on global feed-grade rice pricing is limited.
english.agrinews.co.jpThe Japan Agricultural NewsMar 4, 2017After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
