# Thai rice prices rising as sanctions-free Iran gets its fill - Nikkei Asia

> International rice prices are rising, with Thai rice trading at its highest in about three years. Demand from Iran, which is now free of sanctions, is a key driver, and a strong baht is also lifting prices.

- Date: 2017-06-22 · published 2017-06-22T12:00:00.000Z
- Category: trade · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/70559-thai-rice-prices-rising-as-sanctions-free-iran-gets-its-fill-nikkei-asia
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Iranian buying tightens Thai export supply and the stronger baht raises dollar-denominated export quotes, supporting higher global rice prices.

## Read by commodity

- RICE: bullish ▲
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-11-19 | [Thai rice prices surge on major orders from China and Singapore \| The Straits Times](https://feedsoft.ai/events/10496-thai-rice-prices-surge-on-major-orders-from-china-and-singapore-the-straits.md) | -1.7% | -9.4% |
| RICE | 2020-04-28 | [Rice price in Thailand shoots up as demand spikes during pandemic \| Inquirer News](https://feedsoft.ai/events/6053-rice-price-in-thailand-shoots-up-as-demand-spikes-during-pandemic-inquirer-news.md) | -4.6% | -4.3% |
| RICE | 2024-11-29 | [Rice and shine: Parboiled prices soar as global markets heat up - Thailandtv.news](https://feedsoft.ai/events/27018-rice-and-shine-parboiled-prices-soar-as-global-markets-heat-up-thailandtv-news.md) | -0.1% | -9.3% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |
| RICE | 2021-01-07 | [Indian prices rise; high Thai rates stoke competition worries - Markets - Business Recorder](https://feedsoft.ai/events/49239-indian-prices-rise-high-thai-rates-stoke-competition-worries-markets-business.md) | +3.7% | +4.9% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/editor-s-picks/japan-update/thai-rice-prices-rising-as-sanctions-free-iran-gets-its-fill

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