# ASIA RICE-Thai, Vietnam prices drop; African demand slows on high freight rates | MarketScreener

> Thai and Vietnamese 5% broken rice prices slipped on slow buying as exporters await Philippine import tariff changes. Thai rates fell to $585/t, their lowest since April, and African demand for Indian rice slowed on high freight rates.

- Date: 2024-07-05 · published 2024-07-05T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/29322-asia-rice-thai-vietnam-prices-drop-african-demand-slows-on-high-freight-rates
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Softer Asian export quotes and delayed buying point to bearish near-term rice pricing, with a new supply wave expected to add pressure.

## Read by commodity

- RICE: bearish ▼

## Sources

- marketscreener.com: https://www.marketscreener.com/quote/future/ROUGH-RICE-FUTURE-ZR-CBE--3881394/news/ASIA-RICE-Thai-Vietnam-prices-drop-African-demand-slows-on-high-freight-rates-47316873/

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