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Vietnam expects rice exports of more than 7 million tonnes this year, worth roughly US$3.5 billion. Vietnamese 5% broken rice was quoted at US$438 per tonne in November, up US$10, and remained the highest-priced origin, above Thailand.
Prices were supported by reduced global supply and India's curbs on broken rice and white 5% broken rice exports.
Export restrictions from India and reduced Chinese exports tighten global rice supply, keeping Asian rice export prices firm. Higher rice prices raise the cost of rice-based feed ingredients and broken rice used in feed.
vntradesg.orgthuong vuDec 6, 2022After 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.
