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Thailand's benchmark five percent broken rice prices jumped to $460-467 per tonne, their highest since August 2013, as drought cut supply and domestic buyers stocked up. Vietnamese five percent broken rice rose to $390-400, its highest since December 2018, on firm demand from the Philippines and others.
Drought-driven supply shortages in major Asian exporters tighten exportable rice availability and push international prices higher, supporting feed-grade alternatives as well as rice itself.
news.tuoitre.vnReutersMar 6, 2020After 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.
Earlier drought-driven jump in Thai and Vietnamese prices set the upward trend that carried into the move window.
