Loading…
Rice prices in Bangladesh fell after a bumper boro harvest and new rice reached markets. Coarse rice dropped 10.87% in a month to Tk36-45 per kg, and Miniket fell 6.25%, according to the state-run Trading Corporation of Bangladesh.
Mill-gate sack prices also declined.
Ample domestic supply from a record harvest pushes local rice prices lower, reducing rice-based feed and food costs in Bangladesh. The effect on global rough rice prices is limited.
tbsnews.netTBS ReportMay 15, 2020After 27 past bearish weather events, Rough Rice moved a median -1.6% over 5 sessions (37% higher; middle half -3.4% to +1.1%), and -1.3% 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.
