
Drought in Thailand tightened supply expectations and lifted Thai 5% broken rice export prices to $470-$495 per tonne, the highest since August 2013. Vietnamese rates also rose to more than a one-year peak on strong domestic demand amid the coronavirus outbreak.
Drought-driven supply concern and firm demand push Asian rice export prices higher, supporting rice and grain-substitute values for feed buyers.
Setelah 179 peristiwa cuaca bullish sebelumnya, Gabah bergerak median +0,4% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,5%), dan +2,2% 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.
Thai drought tightening supply pushed Asian export prices to multi-year highs just before the move, supporting a global rough rice rally.
Thai drought tightened supply expectations and lifted Thai 5% broken export quotes to the highest since 2013, with Vietnamese rates also rising on virus-related demand, which supports rough rice futures.
Thai drought tightened supply expectations and lifted Thai 5% export quotes to multi-year highs on 2020-03-12, within the window, supporting global rough rice prices.
Thai drought pushed Asian export prices to multi-year highs, raising global supply concerns and supporting prices across the rice complex.