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Asian rice export prices hit multi-year highs as India's ban tightens supply. Thai 5% broken rose to $627-630 per tonne and Vietnamese 5% broken to $590-600.
Indian parboiled quoted a record $450-455, and few sales are being made at current levels.
Sharp rises in benchmark Asian export quotes signal higher global rice costs, while thin trade at these levels suggests buyers may pause until new supply arrives.
brecorder.comReutersAug 3, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
