# Asia rice-Thai rates soar to 15-year highs - Markets - Business Recorder

> Thai 5% broken rice quotes reached $655-660 per tonne, the highest since 2008, and Thai prices are on track for their largest annual gain since records began around 2000. Traders linked the rise to new demand from Indonesia and the Philippines, while Indian parboiled prices hit a two-month high.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: trade · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/32790-asia-rice-thai-rates-soar-to-15-year-highs-markets-business-recorder
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Strong Asian import demand and short supply support higher rice prices. India's expected output drop could prompt it to extend export curbs, which would keep prices firm.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-11-25 | [Tight supplies lift Vietnam rice rates to 16-month high - Markets - Business Recorder](https://feedsoft.ai/events/38753-tight-supplies-lift-vietnam-rice-rates-to-16-month-high-markets-business.md) | -1.2% | -0.3% |
| RICE | 2020-12-31 | [Vietnam rates hit 9-year peak on supply crunch; Thai rates dip - Markets - Business Recorder](https://feedsoft.ai/events/49712-vietnam-rates-hit-9-year-peak-on-supply-crunch-thai-rates-dip-markets-business.md) | +2.0% | +10.3% |
| RICE | 2021-01-23 | [Indian rice prices up; Thai higher prices dampen demand - Markets - Business Recorder](https://feedsoft.ai/events/49240-indian-rice-prices-up-thai-higher-prices-dampen-demand-markets-business-recorder.md) | +1.4% | -2.9% |
| RICE | 2021-01-07 | [Indian prices rise; high Thai rates stoke competition worries - Markets - Business Recorder](https://feedsoft.ai/events/49239-indian-prices-rise-high-thai-rates-stoke-competition-worries-markets-business.md) | +3.7% | +4.9% |
| RICE | 2021-03-18 | [Asia rice: India, Vietnam rates gain on robust demand; BD eyes - Markets - Business Recorder](https://feedsoft.ai/events/48197-asia-rice-india-vietnam-rates-gain-on-robust-demand-bd-eyes-markets-business.md) | +1.4% | -1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40280991

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