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The World Bank's Commodity Markets Outlook forecasts Thai 5% broken rice at $406 per ton in 2017, down from $422 in 2016, and sliding further to $365 by 2030. It also projects DAP and urea prices to edge down in coming years.
A long-run forecast of lower rice and fertilizer prices signals softer feed and input cost trends, though it is not a near-term supply shock.
english.vov.vnSaigon TimesFeb 7, 2017After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% over 20.
After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), 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.
