Loading…
Covid-19 concerns prompted importers to stock up, boosting orders for Thai rice and requiring immediate full delivery. Thai 5% white rice rose to $450-$460 per tonne and Myanmar rice to around $400 per tonne, with Thai exports in February estimated at 630,000 tonnes.
Precautionary demand lifts export prices, and a possible Chinese export suspension could further tighten supply.
nationthailand.comMar 14, 2020After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
Covid-19 stockpiling by importers boosted demand and immediate delivery requirements for Thai rice, adding upward price pressure.
Covid-19 stockpiling by importers boosted orders and lifted Asian export prices, raising global rice demand and sentiment.
Covid-19 stockpiling by importers boosted orders for Thai rice with immediate delivery, adding demand-driven price support.
Covid-19 stock-up buying by importers lifted export demand and prices for Asian rice, a sentiment and demand impulse that likely spilled over to U.S. rough rice.
