Rough rice price: up 76% in a year and at a 52-week high
Feedsoft's rough rice benchmark was $398.60/t on Nov 2, up 76.1% year on year and at the top of a 52-week range that began at $206.79. See the price history and the events behind the move.
· Feedsoft Markets Desk
TRANSCRIPTIE
Rice is up 76% in a year. Rough rice reached $398.60/t on Nov 2 in the Feedsoft benchmark, the highest reading in the past 52 weeks.
Nearly double its 52-week low. The low was $206.79/t. The latest reading of $398.60/t is the high, so the price has almost doubled from bottom to top of the range.
Still moving: +1.0% on the day. Annualised volatility is 23%, a measure of how much the price typically swings over a year. The latest daily move was +1.0%.
What it means for buyers. If rice is in your formulas, you are buying at the top of the past year's range. Compare it against alternative ingredients before your next quote.
Track it on Feedsoft. Price history, statistically significant moves and the events behind them are on the rice page. Link in bio.
Lees de volledige analyse: feedsoft.ai/c/RICE
Marktinformatie, geen beleggingsadvies.