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Technical Analysis #C-RICE : 2016-04-13

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Drought may reduce stockpiles of major producers The Philippine International Rice Research Institute (IRRI) has released its forecast of slumping rice stocks in major exporting countries. This may happen in the second half of the current year due to the drought. Philippines are high-volume rice importer and their economy may suffer from the probable rice deficit. Will the rice become dearer? The gross stockpiles of Thai, Vietnam, Pakistan and US may fall to the lowest since 2008 to 19mln

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