# Thai rice prices hit 2-month high on demand surge from Brazil, Mexico

> Thai 5% broken rice reached $616/mt FOB on May 16, a two-month high, driven by demand from Brazil and Mexico. Floods in Rio Grande do Sul, which produces about 70% of Brazil's rice, have damaged fields and could raise Brazilian imports.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/30327-thai-rice-prices-hit-2-month-high-on-demand-surge-from-brazil-mexico
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Brazilian flood losses increase import needs and lift Asian export demand, supporting Thai rice prices. The effect is moderately bullish for global rice.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-12-02 | [Thai Rice Prices hit near 4-month high; India prices ease on weak demand, soft rupee \| IREF](https://feedsoft.ai/events/12732-thai-rice-prices-hit-near-4-month-high-india-prices-ease-on-weak-demand-soft.md) | -0.3% | -6.8% |
| RICE | 2024-08-31 | [Thai rice prices hit two-month peak, Bangladesh hit by floods – MillingandMillers.com](https://feedsoft.ai/events/28864-thai-rice-prices-hit-two-month-peak-bangladesh-hit-by-floods-millingandmillers.md) | -0.5% | +1.9% |
| RICE | 2026-06-30 | [Rice Hits 12-month High](https://feedsoft.ai/events/18866-rice-hits-12-month-high.md) | 0.0% | +3.4% |
| RICE | 2020-03-06 | [Asia Rice-Drought-hit Thailand's rates soar to 6-1/2 yr peak on supply dearth](https://feedsoft.ai/events/7987-asia-rice-drought-hit-thailand-s-rates-soar-to-6-1-2-yr-peak-on-supply-dearth.md) | +0.9% | +9.3% |
| RICE | 2026-05-05 | [Rice Futures at Over 8-Month High](https://feedsoft.ai/events/10151-rice-futures-at-over-8-month-high.md) | +4.6% | +11.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/thai-rice-prices-hit-2-month-high-on-demand-surge-from-brazil-mexico/

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