# Hoarding makes Thai jasmine rice more expensive in Hong Kong

> The Thai Trade Centre in Hong Kong said Thai jasmine rice prices rose 30.27% from January to March 2020 after panic buying. Rumours that Vietnam would cancel rice exports added to the hoarding, and Hong Kong limited purchases to one bag of rice per shopper. The Thai Rice Exporters Association said the export price had risen to US$1,200 per tonne, compared with US$1,000 for competitors.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: trade · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/11113-hoarding-makes-thai-jasmine-rice-more-expensive-in-hong-kong
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Expected export restrictions from India and Vietnam would redirect demand toward Thai rice and support its export prices. Hoarding in importing markets adds short-term upward pressure on rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-02-20 | [Rice exports surge on strong demand, dip in Thai stocks - The HinduBusinessLine](https://feedsoft.ai/events/66441-rice-exports-surge-on-strong-demand-dip-in-thai-stocks-the-hindubusinessline.md) | -1.0% | +2.2% |
| RICE | 2017-12-12 | [Thailand: Strong baht may curb rice exports](https://feedsoft.ai/events/67743-thailand-strong-baht-may-curb-rice-exports.md) | -4.2% | -4.3% |
| RICE | 2021-01-23 | [Indian rice prices up; Thai higher prices dampen demand - Markets - Business Recorder](https://feedsoft.ai/events/49240-indian-rice-prices-up-thai-higher-prices-dampen-demand-markets-business-recorder.md) | +1.4% | -2.9% |
| RICE | 2019-12-01 | [Strong exports help buoy the market and point to higher prices - Rice Farming](https://feedsoft.ai/events/55670-strong-exports-help-buoy-the-market-and-point-to-higher-prices-rice-farming.md) | -1.4% | +3.8% |
| RICE | 2026-08-28 | [Rice exports expected to gain momentum in year-end months](https://feedsoft.ai/events/17976-rice-exports-expected-to-gain-momentum-in-year-end-months.md) | +2.6% | +11.7% |

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30386429

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.