The FAO All Rice Price Index averaged 101 points in December, up 4.3% on the month but down 15.2% on the year. The gain was led by glutinous rice, which rose 16.1% to a 15-month high on Chinese purchases and Thai demand.
Higher glutinous and Thai prices show some firming in the global rice market, though the year-on-year decline signals that broad supply remains ample.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
FAO data released Jan 2 showed the All Rice Price Index up 4.3% in December, which could have lifted sentiment and supported a rebound in rough rice futures, though the gain was led by glutinous rice rather than the varieties US futures track.