# Asia rice: High shipping cost dents Indian rates - Markets - Business Recorder

> Indian 5% broken parboiled rice quoted at $541-$548/t, down from $544-$552 last week, as container freight surge pushed buyers to break bulk and then caused a pause. Thai 5% broken fell to $595/t from $615-620 on competition from Vietnam, while Vietnamese offers rose slightly to $575-$580.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: logistics · region Asia · magnitude low
- Page: https://feedsoft.ai/events/29839-asia-rice-high-shipping-cost-dents-indian-rates-markets-business-recorder
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight costs are dampening export demand for Asian rice, and Thai prices are under pressure from cheaper Vietnamese supply, pointing to softer export quotes near term.

## Read by commodity

- RICE: bearish ▼
- OCEANFRT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-06-30 | 5 | -8.9% | -2.9 | Asia export quotes in the week to 28 June fell (Indian parboiled and Thai 5% broken lower) on high freight costs and Vietnamese competition, which is consistent with weaker rice prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-02-21 | [Indian rice exports gain momentum - Markets - Business Recorder](https://feedsoft.ai/events/48701-indian-rice-exports-gain-momentum-markets-business-recorder.md) | -0.9% | +2.1% |
| RICE | 2024-11-13 | [After export ban removal, Indian rice enters global markets amid shipping uncertainties](https://feedsoft.ai/events/27374-after-export-ban-removal-indian-rice-enters-global-markets-amid-shipping.md) | +1.9% | +1.5% |
| RICE | 2026-03-21 | [Asia Rice: Top export hubs see limited activity, muted prices on high shipping rates](https://feedsoft.ai/events/20263-asia-rice-top-export-hubs-see-limited-activity-muted-prices-on-high-shipping.md) | -0.0% | -0.5% |
| RICE | 2020-06-14 | [Labour shortage and scarcity of containers at ports hit India’s rice exports - DST - Daily Shipping Times](https://feedsoft.ai/events/52587-labour-shortage-and-scarcity-of-containers-at-ports-hit-india-s-rice-exports.md) | -12.7% | +0.7% |
| RICE | 2019-09-01 | [With rice harvest looming, warehouse space grows scarce - BusinessWorld Online](https://feedsoft.ai/events/57147-with-rice-harvest-looming-warehouse-space-grows-scarce-businessworld-online.md) | +0.1% | +3.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40310201

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