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India's 5% broken parboiled rice export prices fell to $385-$390 per tonne from $390-$395 as demand from key importers weakened. Vietnam's 5% broken rice was offered at $440-$445 per tonne, unchanged, as the winter-spring harvest peaked in the Mekong Delta.
Thailand's 5% broken rice was quoted at $460 per tonne.
Softer Indian export offers and heavy Vietnamese harvest supplies point to weaker near-term Asian rice export prices. Buyers can expect continued price pressure unless demand revives.
brecorder.comReutersMar 9, 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.
On 2023-03-09 Asian export quotes fell as India's parboiled rice slipped on weaker importer demand and Vietnam's harvest peaked, pointing to softer global rice demand and ample supply that likely weighed on US rough rice futures.
