# Asia rice: Vietnam prices hit 3-month peak on firm demand - Markets - Business Recorder

> Vietnamese 5% broken rice export prices rose to a three-and-a-half-month high, with offers at $415-$420 per tonne. Thai and Indian quotes were steady to slightly lower, and domestic feed mills are buying more rice as wheat and corn prices rally.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/42351-asia-rice-vietnam-prices-hit-3-month-peak-on-firm-demand-markets-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firm feed demand and higher shipping costs are supporting Asian rice export prices, although foreign demand remains muted and some traders are holding back on new contracts.

## Read by commodity

- RICE: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40161477

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