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The USDA trimmed its 2016-17 world rice estimate slightly but still projects a record harvest. The IGC's rice sub-index rose 5% to a four-month peak, with firmer offers in Thailand, Pakistan and India, while Vietnamese prices eased.
Improved import demand and tighter availability in some exporters support rice prices, though the record crop still caps the upside.
world-grain.comChris LyddonFeb 15, 2017Not 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.
