# ASIA RICE-Rates sink to multi-month lows in top exporting hubs - Markets - Business Recorder

> Asian rice export prices fell to multi-month lows in the week to July 23, with Vietnam's 5% broken rice dropping to $395-$400 per tonne from $465-$470. Indian and Thai quotes also declined to multi-month or near two-year lows, citing weak demand, rising supplies and a weaker baht.

- Date: 2021-07-23 · published 2021-07-23T12:00:00.000Z
- Category: market · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/46154-asia-rice-rates-sink-to-multi-month-lows-in-top-exporting-hubs-markets-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Lower export quotes from the largest rice exporters weigh on global rice values and reduce the cost advantage of rice relative to feed grains, which can pressure feed-use pricing.

## Read by commodity

- RICE: bearish ▼
- USDTHB: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40108559

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