# Lockdown sparks panic buying in Bangladesh, rates slip in top hubs - Markets - Business Recorder

> Rice export prices from top Asian hubs fell in the week as Vietnamese and Thai traders competed with lower Indian offers. Bangladesh tightened COVID-19 lockdown measures, prompting panic buying and higher domestic rates, and its state grains buyer tendered for 50,000 tonnes. Virus spread in southern Vietnam was also hampering rice transport.

- Date: 2021-07-01 · published 2021-07-01T12:00:00.000Z
- Category: disease · region Bangladesh · magnitude medium
- Page: https://feedsoft.ai/events/12901-lockdown-sparks-panic-buying-in-bangladesh-rates-slip-in-top-hubs-markets
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lockdown-driven domestic buying and transport disruption support regional import demand, while cheaper Indian and Thai offers pressure export quotations lower. Net effect is weaker export prices with logistics costs rising.

## Read by commodity

- RICE: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40104352

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