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An article on the coronavirus pandemic describes food security concerns, supply chain disruptions and trade barriers that are driving importing countries to build rice reserves. It states this has increased rice prices.
Stockpiling by importers and trade barriers tighten global rice availability, supporting higher rice prices and encouraging US rice export demand.
forbes.comDaphne Ewing-ChowApr 29, 2020After 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.
Published on the move date, it describes importing countries building rice reserves amid trade barriers, which lifts demand for US rice and prices.
Importing countries building rice reserves amid trade barriers raises demand for U.S. rice and supports prices, and the article came out the day after the move.
