Embracing knowledge and insights at the rice value chain seminar

The seminar aims to empower domestic and international traders to effectively navigate the 2023/24 Winter-Spring rice market by providing insights into market trends, price formation strategies, and risk mitigation techniques.

AgroMonitor's comprehensive market analysis and forecasts will equip traders with valuable information regarding rice production costs, paddy rice prices, and export FOB prices. These insights will serve as a benchmark for determining floor prices for paddy rice, calculating the cost of raw and finished rice, and staying abreast of export FOB prices. This knowledge will empower traders to make informed decisions and establish a price floor for export transactions.

The seminar emphasizes the importance of transparency in market information and transactions between buyers and sellers. By providing accurate and reliable market data and fostering open discussions, the seminar aims to reduce the prevalence of rumors and herd mentality in market behavior. AgroMonitor's expert forecasts, coupled with the vibrant discussions during the seminar presentations and coffee breaks, will empower traders to make sound business decisions based on scientific evidence and practical considerations, rather than relying solely on luck and gut instinct. This approach will mitigate risks for businesses and the entire domestic and international trading community, paving the way for sustainable profitability for all stakeholders.