# ASIA RICE-Weak currency hits rates in top hubs, China buying lifts Vietnam prices | Kitco News

> Vietnam's 5% broken rice export prices rose to $450 per tonne from $440-445 a week earlier as shipments to China recovered and Indonesia bought to rebuild reserves. Indian 5% parboiled quotes eased to $382-387 as the rupee's fall let exporters cut prices, while Thai 5% broken slipped to $455.

- Date: 2023-03-16 · published 2023-03-16T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/36910-asia-rice-weak-currency-hits-rates-in-top-hubs-china-buying-lifts-vietnam
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Stronger Vietnamese and Indian demand from China and Indonesia supports Asian rice values, while currency weakness in India and Thailand lowers their dollar export prices and adds competitive pressure on the world market.

## Read by commodity

- RICE: neutral
- USDINR: bullish ▲

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-16/asia-rice-weak-currency-hits-rates-top-hubs-china-buying-lifts-vietnam

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