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Thai rice price surges compared to other Asian countries

Rice export prices in Thailand rose sharply this week on worries that the country’s worst drought in about a decade could reduce supply.
Thai rice price surges compared to other Asian countries
Thai rice price surges compared to other Asian countries ảnh 1

Illustrative image (Source: www.thaivisa.com)


Hanoi (VNA) – Rice export prices inThailand rose sharply this week on worries that the country’s worst drought inabout a decade could reduce supply.

Thailand’s benchmark 5-percent broken riceprices rose to 406-435 USD per tonne this week from 395-405 USD quoted lastweek.

Meanwhile, Vietnam’s rates for this riceremained unchanged from last week at 340-350 USD per tonne.

India’s 5-percent broken parboiled variety pricesfell to around 377-381 USD per tonne this week from 381-384 USD last week dueto a depreciation in the rupee.

A strong bath contributed to Thai higher rice prices than other Asianhubs.

The dry conditions have also affected the quality of rice, which led to anincrease in domestic rice prices, a Bangkok-based trader said.-VNA
VNA
#rice export prices#increase#5-percent broken rice#Vietnam#India#Asian countries#rice quality#dry weather#Vietnamplus#Vietnam News Agency
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