# Asia Rice-Thai, Vietnam rates jump as virus spread raises supply concerns | Financial Post

> Thailand's benchmark 5% broken rice quotes rose to $480-$505 per tonne, their highest since August 2013 and a sixth straight weekly gain. Vietnamese 5% broken rates climbed to $410 per tonne, the highest since November 2018. Traders cited drought-related supply shortages and coronavirus-driven stockpiling by millers.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: weather · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/8697-asia-rice-thai-vietnam-rates-jump-as-virus-spread-raises-supply-concerns
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Thin domestic supplies and farmers holding back stock tighten export availability, which supports Asian rice export prices. Limited supply against steady demand points to further price upside.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-12-27 | [Asia Rice-Thai rice export prices rise as drought triggers future supply concerns \| Financial Post](https://feedsoft.ai/events/55666-asia-rice-thai-rice-export-prices-rise-as-drought-triggers-future-supply.md) | +0.9% | +4.6% |
| RICE | 2020-03-12 | [Asia Rice-Thai drought raises supply jitters, Vietnam rates at over 1-yr high](https://feedsoft.ai/events/7548-asia-rice-thai-drought-raises-supply-jitters-vietnam-rates-at-over-1-yr-high.md) | +10.1% | +10.3% |
| RICE | 2023-06-19 | [Rice prices surge in Vietnam amid supply concerns and El Nino impact \| FEAG](https://feedsoft.ai/events/8291-rice-prices-surge-in-vietnam-amid-supply-concerns-and-el-nino-impact-feag.md) | +0.8% | -12.5% |
| RICE | 2017-10-19 | [Rice prices up in India, Vietnam as rains dampen crop supply](https://feedsoft.ai/events/68535-rice-prices-up-in-india-vietnam-as-rains-dampen-crop-supply.md) | -2.3% | +1.2% |
| RICE | 2020-01-31 | [Asia Rice-Indian prices extend gains as Thailand battles drought \| Financial Post](https://feedsoft.ai/events/55154-asia-rice-indian-prices-extend-gains-as-thailand-battles-drought-financial-post.md) | -0.3% | -0.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/asia-rice-thai-vietnam-rates-jump-as-virus-spread-raises-supply-concerns

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