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Thai white rice 5% broken, an Asian benchmark, fell about 11% to $509 a ton on Wednesday, according to the Thai Rice Exporters Association. It was the steepest one-day decline in data compiled since May 2008.
The drop followed India's relaxation of some rice export restrictions.
India's easing of export curbs restores a large supply source to world markets, pressuring Asian benchmark prices lower. Cheaper rice is a bearish signal for rice-based feed and food-grade supply.
bloomberg.comBernadette Toh3 Okt 2024Setelah 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.
