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Technical Analysis #C-RICE : 2016-02-08

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Awaiting USDA report on Thursday Lately, rice prices have been under pressure. The Thai officials are planning to sell 11mln tonnes of rice from the state reserves which is to be discussed on February 29. Thailand released 9.8mln tonnes of rice in global markets in 2015 which is 10.9% below the 11mln tonnes in 2014. Another negative factor is plans of Indonesia to enhance its rice output and to renounce rice imports. The positive is the increased demand on rice from Iran, Syria and other

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