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Asia rice: Rates rise in top hubs

BENGALURU/MUMBAI/BANGKOK/HANOI/BANGLADESH: Top rice exporters saw rates climb this week due to an uptick in demand, while a stronger baht lifted Thai prices to a near two-month high.

Thailand’s 5% broken rice prices rose slightly to $600 per ton from last week’s price range of $588 – $595, with traders attributing the increase to fluctuations in the exchange rate.

“Demand is not a problem this year and we just need enough supply,” a Bangkok-based rice trader said, adding that main markets for Thai rice include Indonesia and the Philippines.

https://www.brecorder.com/news/40302665/asia-rice-rates-rise-in-top-hubs QR Code

Published Date: May 10, 2024

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