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Kenya Revenue Authority agreed to value Pakistani long-grain white rice at $300-350 per tonne instead of $580, after hundreds of Pakistani rice containers were held at Mombasa port. Importers were worried about demurrage costs while the valuation dispute was resolved.
Port holds and valuation disputes delay Pakistani rice shipments to Kenya, tightening near-term regional supply, though the effect on global rice prices is small.
riceplusmagazine.blogspot.comRiceplus MagazineNov 2, 2016After 14 past neutral logistics events, Rough Rice moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% 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.
