Large supply on the market pushes down the price of oats in the US

Published 2022년 12월 12일

Tridge summary

The article highlights the recent trends in the trading of oats, uncooked rice, and Canadian rapeseed on the SWOT and ICE exchanges. It notes a decrease in the prices of American uncooked rice for two consecutive weeks, while in Vietnam, the export price has surged to a 16-month high due to increased demand. Oats have experienced a downturn in prices for four weeks in a row, with a decreasing rate of decline. In contrast, Canadian rapeseed quotes have risen for two weeks, albeit not as dynamically. Meanwhile, rice prices have seen mixed trends in various countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On the SWOT and ICE exchanges, oats, uncooked rice and Canadian rapeseed traded differently, repeating last week's scenario. For a week, i.e. for the period from December 2 to 9, 2022, oats and unprocessed rice quotes went down again, and canola quotes, on the contrary, went up, KazakhZerno.kz writes. American uncooked rice has been falling in price for two weeks in a row. Meanwhile, in Vietnam, by contrast, it is exported at a price that has risen to a 16-month high on the back of robust demand. 5% crushed rice in Vietnam traded at a price in the range of $445 to $450 per ton, while last week the price for it was $5-10 lower. In India, the price of 5% parboiled rice ranged from $373 to $378 per ton, while in Thailand, the price of 5% parboiled rice rose to a 6-week high of $444 per ton. Oats have been falling in price for four weeks in a row. The rate of falling prices for it decreased by 7.44% to 1.94%. Canola quotes are growing for ...
Source: Kazakh-zerno

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