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Thai 5% broken rice rose to $585-590/ton this week on Indonesian demand, while Indian rates stayed near a two-month low. Indian exporters also received customs notices demanding duty differentials on exports from the last 18 months.
Routine Asian rice quotes show firm Thai prices, but the Indian duty demand could disrupt shipments and tighten supply further. Buyers should watch both.
brecorder.comReutersApr 11, 2024brecorder.comReutersApr 13, 2024Not 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.
Firm Indonesian import demand lifted Thai export quotes in the same week, which signals tightening trade flows that could carry over to US rough rice.
