# Bank forecasts rise in food prices next month

> The Bank for Agriculture and Agricultural Cooperatives research centre forecasts rising prices in May for paddy rice, jasmine and sticky rice, maize, sugar, cassava, palm oil and pork, while rubber prices are expected to fall. The rise follows export restrictions by India and Vietnam and drought in Thailand and Vietnam.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: policy · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/9191-bank-forecasts-rise-in-food-prices-next-month
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Export curbs by major rice exporters and drought-related supply concerns support higher prices for rice, maize and cassava used in feed, while palm oil strength also lifts vegetable oil costs.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-04-29 | 1 | +6.8% | 3.7 | Forecast of rising paddy rice prices tied to India and Vietnam export restrictions and Thai/Vietnam drought reinforces bullish supply-side sentiment on the same day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-07-20 | [India bans rice shipments to curb price rises - BBC News](https://feedsoft.ai/events/35007-india-bans-rice-shipments-to-curb-price-rises-bbc-news.md) | +1.3% | -0.6% |
| RICE | 2022-10-11 | [Global rice prices are now at an 18-month high](https://feedsoft.ai/events/39207-global-rice-prices-are-now-at-an-18-month-high.md) | -0.3% | +4.2% |
| RICE | 2021-01-29 | [Export rules by some countries force rise in global crop prices \| AGDAILY](https://feedsoft.ai/events/49099-export-rules-by-some-countries-force-rise-in-global-crop-prices-agdaily.md) | -2.7% | -4.8% |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |
| RICE | 2018-08-28 | [High rice prices a win for farmers – Piñol](https://feedsoft.ai/events/63601-high-rice-prices-a-win-for-farmers-pinol.md) | +3.2% | -6.0% |
| CORN | 2020-12-31 | [Sharp rise in price for the CBoT maize future](https://feedsoft.ai/events/49678-sharp-rise-in-price-for-the-cbot-maize-future.md) | +6.2% | +17.5% |
| CORN | 2019-10-31 | [Biofuel forecast may prop up prices \| The Western Producer](https://feedsoft.ai/events/56664-biofuel-forecast-may-prop-up-prices-the-western-producer.md) | +0.9% | -1.2% |
| CORN | 2021-01-29 | [Export rules by some countries force rise in global crop prices \| AGDAILY](https://feedsoft.ai/events/49099-export-rules-by-some-countries-force-rise-in-global-crop-prices-agdaily.md) | +2.4% | -0.7% |

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30386999

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.