Bank forecasts rise in food prices next month

After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.

• Jul 20, 2023India bans rice shipments to curb price rises - BBC News+1.3%
• Oct 11, 2022Global rice prices are now at an 18-month high-0.3%
• Jan 29, 2021Export rules by some countries force rise in global crop prices | AGDAILY-2.7%
• Jul 25, 2023India’s new ban on rice exports: Potential threats to global supply, prices, and food security | IFPRI-4.5%
• Aug 28, 2018High rice prices a win for farmers – Piñol+3.2%

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.

• Dec 31, 2020Sharp rise in price for the CBoT maize future+6.2%
• Oct 31, 2019Biofuel forecast may prop up prices | The Western Producer+0.9%
• Jan 29, 2021Export rules by some countries force rise in global crop prices | AGDAILY+2.4%
• May 2, 2025Global food prices edge up in April amid new U.S. tariff policies: FAO-Xinhua-3.8%
• Apr 16, 2020Romania's wheat export ban triggers supply chain concerns in Asia/Middle East, boosts prices-1.1%

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.

• Nov 30, 2016CPO Price Picking Up In Riau In The Past 6 Months - ANTARA News Riau+6.9%
• Oct 31, 2019Biofuel forecast may prop up prices | The Western Producer+14.0%
• May 5, 2022The rise in palm oil prices, and what Indonesia has to do with it : The Indicator from Planet Money : NPR-8.8%
• Mar 1, 2023CPO Reference Prices For Export Outages And Features Rise+1.8%
• Aug 31, 2024Malaysian palm oil futures log first monthly rise in three months - Markets - Business Recorder+3.9%