Thai Deputy Prime Minister and Commerce Minister Supajee Suthumpun said prices for rice, rubber, cassava and feed corn have improved, and that the ministry will work to keep rice prices firm through the main harvest. She also backed promotion of E20 and B20 biofuels to build public understanding.
Official support for E20 and B20 blending expands domestic demand for palm oil, cane and cassava, which can firm feedstock prices, while steady rice and corn prices reflect tighter Thai domestic supply.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.