
Statistics Indonesia expects October-to-December rice output to fall 16% from a year earlier as El Niño leaves land unplanted, and the 2026 output estimate is cut 4.6%. Bulog holds reserves roughly three times its October 2023 level, and Thai and Vietnamese rice prices have risen as traders look to Philippine demand.
A shrinking Indonesian harvest would normally lift regional import demand, but large state stocks reduce the need for bulk purchases, limiting the upside for global rough rice prices. Higher Thai and Vietnamese export quotes still reflect firmer regional demand.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.