
South Korean rice prices fell to a 21-year low in 2016 despite forecasts of lower production from unfavorable weather. The government said it will purchase the full 1.6 million tons of excess rice and has bought an additional 98,000 tons for public stockpiling.
Government buying to absorb a chronic glut props up domestic rice prices, while falling per-capita consumption keeps demand structurally weak. Rice feed-grade substitution pressure stays limited.
Setelah 100 peristiwa kebijakan bearish sebelumnya, Gabah bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.