{"id":173797,"date":"2020-07-17T07:47:34","date_gmt":"2020-07-17T11:47:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173797"},"modified":"2020-07-17T07:47:34","modified_gmt":"2020-07-17T11:47:34","slug":"rice-analysis-rice-price-is-falling-despite-lower-exports-from-thailand","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/rice-analysis-rice-price-is-falling-despite-lower-exports-from-thailand\/","title":{"rendered":"RICE Analysis: Rice price is falling despite lower exports from Thailand"},"content":{"rendered":"
July 17, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Rice price is falling despite lower exports from Thailand<\/strong><\/p>\n

United Nation\u2019s Food and Agriculture Organization (FAO) and the Organisation for Economic Cooperation and Development (OECD) forecast a slight decline in agricultural prices in real terms over 2020-2029, according to a report released yesterday. They predict higher productivity, led by yield gains, would keep pace with population-driven food demand and curb global prices. They also warned of \u201cdownward pressure on agricultural commodity prices” by \u201cthe macroeconomic shocks induced by the COVID-19 pandemic\u201d. At the same time Thailand is facing hurdles in increasing its rice exports due to high exchange rate of its currency \u2013 baht, as well as financial problems that major Thai exporters experience after the collapse of Phoenix Commodities, one of the world’s biggest commodity traders. Thailand is the second biggest rice exporter in the world and accounted for 19.2% ($4.2 billion) of global rice exports in 2019. Thailand shipped a total of 2.57 million tons of rice in the first five months, down 31.9% from the same period last year. However technical setup is bearish for rice despite lower exports from Thailand.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nSell<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nBelow 11.63<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nAbove 12.28<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Rice price is falling despite lower exports from Thailand United Nation\u2019s Food and Agriculture Organization (FAO) and the Organisation for Economic Cooperation and Development (OECD) forecast a slight decline in agricultural prices in real terms over 2020-2029, according to a report released yesterday. They predict higher productivity, led by yield gains, would keep […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-173797","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=173797"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173797\/revisions"}],"predecessor-version":[{"id":173801,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173797\/revisions\/173801"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}