# Asia rice: Firm demand from Indonesia props up Thai rates - Markets - Business Recorder

> 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.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/6715-asia-rice-firm-demand-from-indonesia-props-up-thai-rates-markets-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Routine Asian rice quotes show firm Thai prices, but the Indian duty demand could disrupt shipments and tighten supply further. Buyers should watch both.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-04-14 | 5 | +10.3% | 3.1 | 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. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40298155
- brecorder.com: https://www.brecorder.com/news/40298333

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