RiceBran Technologies (RIBT)

[wow_happens28]

tai, RIBT has Golden Ridge where they get rice from fromers and pay the increase. If they have hedged rice, no problem. If not the rising prices hurts since they have contracts at fixed prices to fill. In August 2020, in April - early June 2020 they could not fullfill their contracts so they paid cancelation fee to some customers, they would have lost more had they bought the rice.

In Califorinia and Louisiana, they just hook up to mills for their stabilization procees. They just get the bran and the mills must pay the farmers for the rice. If those mills don't hedge, they don't buy the rice from farmers. So still some pain for RIBT. The good thing is the farmers get stuck with rice nobody wants, so supply and demand, the price falls, fast in 2020.

I do hope they all have rice hedged now.

https://finviz.com/futures_charts.ashx?t=ZR&p=w1