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Thai 5% broken rice quotes rose to $505-$533 per tonne, the highest since early May, on a strong baht and ongoing supply concerns after drought. Vietnamese rates held at $475, their highest since 2012, while Indian prices were unchanged at a two-month low.
Thai prices are being lifted by currency strength and tight domestic supply, but they risk losing export business to cheaper Asian offers, which limits the upside.
brecorder.comJun 15, 2020Not 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.
