Thai Rice Export Prices Reach 14-Month Low
Thai rice export prices hit a 14-month low due to weak demand and competition from cheaper rivals. Benchmark 5% broken rice from Thailand fell to one dollar 560 per tonne. The depreciation of the Thai baht may soften prices further, and Vietnamese rice exports increased by 6.2% year-on-year.
Thai rice export prices hit a 14-month low due to weak demand and competition from cheaper rivals.
Benchmark 5% broken rice from Thailand fell to one dollar 560 per tonne, the lowest since July 2023.
The depreciation of the Thai baht may soften prices further, according to traders.
Meanwhile, Indian rice prices are rising slightly, driven by a strong rupee, although demand remains sluggish.
Vietnamese rice prices are also pressured by competition but saw a slight decrease to one dollar 565 per tonne.
Vietnamese rice exports increased by 6.2% year-on-year, reaching 6.5 million tonnes by mid-September.
Benchmark 5% broken rice from Thailand fell to one dollar 560 per tonne, the lowest since July 2023.
The depreciation of the Thai baht may soften prices further, according to traders.
Meanwhile, Indian rice prices are rising slightly, driven by a strong rupee, although demand remains sluggish.
Vietnamese rice prices are also pressured by competition but saw a slight decrease to one dollar 565 per tonne.
Vietnamese rice exports increased by 6.2% year-on-year, reaching 6.5 million tonnes by mid-September.