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Thailand plans to sell its stockpile of about 8 million tons of rice in the first half of 2017. Vietnamese exporters have cut prices to compete, and recent contract signings have slowed.
Large Thai government sales add supply to the world market and pressure Vietnamese export prices, especially in white rice markets in Africa and China.
vovvn-fe.solidtech.vnVietnamnetFeb 20, 2017After 141 past bearish trade events, 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.
