US rice futures on the Chicago Board of Trade sank on Friday, moving in tandem with other commodity markets and pressured by a rising dollar. A firmer dollar makes US commodities more expensive to overseas buyers, triggering traders to sell commodities.
July rice ended 14-1/2 cents lower at $12.61-1/2; September closed 17 down at $12.70. Volume was moderate estimated at 858 futures and 31 options. Vietnamese rice producers seek to raise export quotas due to bumper crops.