# Prices jump across major hubs on higher demand for rice - Thailandtv.news

> Thai 5% broken rice prices rose to $415-$428 per tonne, a peak since late June, as animal feed makers sought more broken rice amid rising corn and wheat prices. Demand also grew from Hong Kong, where lockdown fears spurred panic buying.

- Date: 2022-03-13 · published 2022-03-13T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/11338-prices-jump-across-major-hubs-on-higher-demand-for-rice-thailandtv-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Feed-driven demand for broken rice as a cheaper corn and wheat substitute supports rice export prices. Higher costs of substitutes keep feed buyers searching for alternatives.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2022-03-14 | 1 | +3.9% | 3.2 | Published 2022-03-13, just before the move, it reports Thai broken rice prices at multi-month highs as feed makers sought broken rice amid rising corn and wheat prices and Hong Kong panic buying, a direct demand driver for rice. |
| RICE | 2022-03-15 | 1 | +3.9% | 3.2 | Published just before the 3/15 move, it reports Thai broken rice prices at multi-month highs as feed makers sought broken rice amid rising corn and wheat prices, a direct demand-substitution driver for rough rice. |

## Sources

- thailandtv.news: https://thailandtv.news/prices-jump-across-major-hubs-on-higher-demand-for-rice/

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