# Rice prices ease on high production  | The Business Standard

> 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.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: weather · region Bangladesh · magnitude low
- Page: https://feedsoft.ai/events/7505-rice-prices-ease-on-high-production-the-business-standard
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-09-04 | [High production costs force rice mills to beg for government aid](https://feedsoft.ai/events/51194-high-production-costs-force-rice-mills-to-beg-for-government-aid.md) | -1.8% | +0.8% |
| RICE | 2020-08-18 | [India's basmati rice production to be higher than last year's level due to monsoon boost - The Economic Times](https://feedsoft.ai/events/51562-india-s-basmati-rice-production-to-be-higher-than-last-year-s-level-due-to.md) | +2.4% | +1.5% |
| RICE | 2020-10-07 | [India's rice exports could jump to record on Thailand drought effects \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/50607-india-s-rice-exports-could-jump-to-record-on-thailand-drought-effects-commodity.md) | -3.1% | -1.1% |
| RICE | 2020-03-19 | [El Nino may be 'neutral', raises hopes of normal rains this year \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/54062-el-nino-may-be-neutral-raises-hopes-of-normal-rains-this-year-economy-and.md) | -4.7% | +0.2% |
| RICE | 2017-05-24 | [Basmati exporters expect higher output on good monsoon forecast \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/70983-basmati-exporters-expect-higher-output-on-good-monsoon-forecast-commodity-food.md) | +2.0% | +2.4% |

## Sources

- tbsnews.net: https://www.tbsnews.net/markets/rice-prices-ease-high-production-81667

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.