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Missouri rice producers are pursuing a potential export market in Egypt for unmilled rough rice, as Egyptian officials show interest. Water shortages have reduced Egypt's rice planting, leaving its mills idle.
Southeast Missouri's medium grain rice is the variety Egypt prefers.
Potential new export demand for US rough rice from Egypt could modestly support US rice prices if deals materialize. The story is early-stage and mainly concerns a single state's producers.
brownfieldagnews.comAug 10, 2018brownfieldagnews.comadminAug 10, 2018After 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.
