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Asian rice export prices rose this week to their highest in more than two years, with Vietnam's 5% broken rice offered at $495-$505 per tonne and Thai 5% broken reaching $505. Indian parboiled rose to $397-$405, a peak since February 2021.
Traders cited tight supplies, delayed summer-autumn output and strong export contract demand.
Tight Asian supply and firm buying from importers such as Indonesia point to higher rice export prices, which feed directly into feed-grade rice and broken rice alternatives for animal feed buyers.
brecorder.comReutersJun 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
