# Asia rice: Tight supply, robust demand propels export prices to 2-year peak - Markets - Business Recorder

> 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.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: market · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/35553-asia-rice-tight-supply-robust-demand-propels-export-prices-to-2-year-peak
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40249272

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