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Export prices for Indian and Thai rice rose slightly this week, supported by stronger domestic currencies, while Vietnamese rice fell on quiet demand. Indian 5% broken parboiled was quoted at $367-370/t and Thai rice at $390-407/t, while Vietnamese 5% broken fell to $340-345/t.
Traders cited seasonal supply tightness in Thailand and abundant Vietnamese summer-autumn harvest supplies.
Weak Asian export demand and ample Vietnamese supply keep rice prices under pressure, while the firmer baht lifted Thai quotes. Rough rice and rice-based feed ingredients are likely to stay soft absent a demand pickup.
en.vietnamplus.vnVietnam+ (VietnamPlusJun 21, 2019Not 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.
