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Cambodia's Green Trade Company and the Cambodia Rice Federation said increased shipments of milled rice to local shops, of 100 to 500 tonnes, have stabilised prices. The move followed panic buying of staples amid Covid-19 fears.
The federation urged the public to avoid panic buying.
Stabilised local supply limits the spike in domestic rice prices from stockpiling, but the effect is confined to Cambodia's local retail market and has little bearing on global rice futures.
en.vietstock.vnVietstockMar 19, 2020After 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.
