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FAO's GIEWS brief forecasts Liberia's 2022 paddy output at about 288,000 tonnes, roughly 10% above the five-year average. Rice imports are forecast at 350,000 tonnes, about 6% below average, and wheat imports at a historic low.
Rice prices remain significantly higher than a year earlier.
Stronger domestic production and lower import needs reduce demand for imported rice in a small market. The effect on global prices is minimal, though high local prices reflect tight food conditions.
reliefweb.intDec 1, 2022After 87 past bearish report events, RICE moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.
