# Asia Rice-Thai drought raises supply jitters, Vietnam rates at over 1-yr high

> Drought in Thailand tightened supply expectations and lifted Thai 5% broken rice export prices to $470-$495 per tonne, the highest since August 2013. Vietnamese rates also rose to more than a one-year peak on strong domestic demand amid the coronavirus outbreak.

- Date: 2020-03-12 · published 2020-03-12T12:00:00.000Z
- Category: weather · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/7548-asia-rice-thai-drought-raises-supply-jitters-vietnam-rates-at-over-1-yr-high
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Drought-driven supply concern and firm demand push Asian rice export prices higher, supporting rice and grain-substitute values for feed buyers.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-03-16 | 1 | +3.8% | 4.2 | Thai drought tightening supply pushed Asian export prices to multi-year highs just before the move, supporting a global rough rice rally. |
| RICE | 2020-03-18 | 5 | +10.1% | 3.8 | Thai drought tightened supply expectations and lifted Thai 5% broken export quotes to the highest since 2013, with Vietnamese rates also rising on virus-related demand, which supports rough rice futures. |
| RICE | 2020-03-17 | 5 | +8.7% | 3.5 | Thai drought tightened supply expectations and lifted Thai 5% export quotes to multi-year highs on 2020-03-12, within the window, supporting global rough rice prices. |
| RICE | 2020-03-15 | 1 | +3.8% | 4.2 | Thai drought pushed Asian export prices to multi-year highs, raising global supply concerns and supporting prices across the rice complex. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-03-06 | [Asia Rice-Drought-hit Thailand's rates soar to 6-1/2 yr peak on supply dearth](https://feedsoft.ai/events/7987-asia-rice-drought-hit-thailand-s-rates-soar-to-6-1-2-yr-peak-on-supply-dearth.md) | +0.9% | +9.3% |
| RICE | 2020-03-30 | [Rice prices hit 6-year high as Thailand and Vietnam face drought - Nikkei Asia](https://feedsoft.ai/events/54207-rice-prices-hit-6-year-high-as-thailand-and-vietnam-face-drought-nikkei-asia.md) | +4.2% | +21.5% |
| RICE | 2020-03-19 | [Asia Rice-Thai, Vietnam rates jump as virus spread raises supply concerns \| Financial Post](https://feedsoft.ai/events/8697-asia-rice-thai-vietnam-rates-jump-as-virus-spread-raises-supply-concerns.md) | -4.7% | +0.2% |
| RICE | 2019-12-27 | [Asia Rice-Thai rice export prices rise as drought triggers future supply concerns \| Financial Post](https://feedsoft.ai/events/55666-asia-rice-thai-rice-export-prices-rise-as-drought-triggers-future-supply.md) | +0.9% | +4.6% |
| RICE | 2017-10-19 | [Rice prices up in India, Vietnam as rains dampen crop supply](https://feedsoft.ai/events/68535-rice-prices-up-in-india-vietnam-as-rains-dampen-crop-supply.md) | -2.3% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/article/idAFL4N2B53MC/?edition-redirect=ca

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