SSRice Market Summary - Weekly
The week’s markets were interesting in terms of a return of talk of India removing restrictions on white rice exports, though almost all sources confirm discussions, as well as the likelihood of the removal of restrictions to come with conditions like a duty, while the Minimum Export Price condition was also mentioned by some.
The 31 July tender for 320 TMT from Indonesia saw Bulog pull off another sterling procurement effort that saw all 12 lots bought at $563 PMT CNF price.
The week revealed a few interesting points we would like to highlight in this week’s report.
The issues remain unchanged, and this is one of those weeks when the Trump assassination attempt headlined, related news, U.S elections and Fed talks dominated shifts in the dollar, as markets look more defensive, while the U.S. economy is under the microscope.
The week’s highlights show a few key trade developments underline the market directions, and these elements are no strangers to us.
The British general elections and the 4th of July Independence Day celebrations also lent to a week that felt short.
The week started early as news of Myanmar rice personalities being called in for questioning came fast, and soon it was over 50 people “detained” and when we sought opinions on the event
Someone asked if I was bullish or bearish, and this week was the first time I felt some bearish vibes bite me
Markets over the last week seemed to follow on from the week before, as hopes of an Indian lifting on restrictions continued to weigh on buyers.
The BIG NEWS this week came from the Philippines with press reports of a 15% import duty on rice imports getting the nod
SSRice Prices Update
SSRice Special - Weekly
We have calmed from the Nov and Dec price hikes we saw, though some Thai exporters will disagree
SSRice Videos
SS Rice News Convention 2024 provides an event focused on information and intelligence gathering blended with networking for two days of analysis, discussion, meeting opportunities in a mix of formal and informal settings to provide and ideal environment to gain from 2 or even 3 days of rice related activities in the idyllic environment in Danang, Vietnam. With presentation and panel session featuring our own analysis of markets, and key issues that markets will need to focus on as the 2023/24 trading year reveals itself, with the Thai, and Indian main crops, as well as key harvests we see in Pakistan, Myanmar and as rice production reaches a peak across Southeast Asia (including Indonesia, Philippines and Malaysia), to reveal the biggest harvests across global markets.
© Copyright 2025 The SSResource Media.
All rights reserved.