{"id":12538,"date":"2023-12-21T14:28:41","date_gmt":"2023-12-21T14:28:41","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12538"},"modified":"2023-12-22T14:31:40","modified_gmt":"2023-12-22T14:31:40","slug":"asia-rice-india-plays-catch-up-as-vietnam-rates-rally-to-highest-since-2008","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/asia-rice-india-plays-catch-up-as-vietnam-rates-rally-to-highest-since-2008\/","title":{"rendered":"Asia rice: India plays catch-up as Vietnam rates rally to highest since 2008"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/21170952f301cee.jpg\" alt=\"\" class=\"wp-image-12539\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/21170952f301cee.jpg 1000w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/21170952f301cee-600x360.jpg 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/21170952f301cee-300x180.jpg 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/21170952f301cee-768x461.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>Prices of parboiled rice from top exporters climbed this week, fuelled by limited supplies, pushing Vietnamese rates to their highest in more than 15 years, and in turn driving up the less expensive Indian variety to its highest in two months.<\/strong><\/p>\n\n\n\n<p>Vietnam\u2019s 5% broken rice was offered at $660 to $665 a metric ton on Thursday, its highest since mid-July 2008, versus $655 to $660 last week.<\/p>\n\n\n\n<p>\u201cPrices edged higher on tight supplies,\u201d said a trader based in Ho Chi Minh City.<\/p>\n\n\n\n<p>Preliminary shipping data showed 162,800 tons of rice to be loaded at Ho Chi Minh City port from Dec 1 to 20, with most of it heading to Indonesia, the Philippines and Cuba.<\/p>\n\n\n\n<p>The prices of India\u2019s exports rose in line with the upward trend in other exporters and concerns over production.<\/p>\n\n\n\n<p>India\u2019s 5% broken parboiled variety was quoted at $505 to $512 a metric ton this week, its highest in two months, up from last week\u2019s range of $499 to $506.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.brecorder.com\/news\/40278650\/asia-rice-prices-rise-in-india-thailand-on-improved-demand-shrinking-supplies\">Asia rice: Prices rise in India, Thailand on improved demand, shrinking supplies<\/a><\/strong><\/p>\n\n\n\n<p>\u201cDue to widening gaps between Indian prices and those of other countries, buyers are now willing to accept higher prices,\u201d said an exporter in the eastern city of Kolkata.<\/p>\n\n\n\n<p>India\u2019s rice output is expected to fall this year, for the first time in eight, making it more likely that New Delhi will extend export curbs to hold down prices ahead of general elections due next year.<\/p>\n\n\n\n<p>The price of Thailand\u2019s 5% broken rice increased to its highest since August, at $646 to $650 a metric ton, from last week\u2019s $640.<\/p>\n\n\n\n<p>Traders said the increase was fuelled by more orders from the Philippines this week.<\/p>\n\n\n\n<p>Prime Minister Srettha Thavisin said Indonesia told the Thai government of its intent to buy 2 million metric tons of the grain in a letter received on Monday.<\/p>\n\n\n\n<p>Supply has dwindled and traders say they expect more entering the market early next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices of parboiled rice from top exporters climbed this week, fuelled by limited supplies, pushing Vietnamese rates to their highest in more than 15 years, and in turn driving up the less expensive Indian variety to its highest in two months. Vietnam\u2019s 5% broken rice was offered at $660 to $665 a metric ton on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[223,46,167,159],"class_list":["post-12538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-veitnam-rice","tag-asian-rice","tag-indian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia rice: India plays catch-up as Vietnam rates rally to highest since 2008 - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia rice: India plays catch-up as Vietnam rates rally to highest since 2008 - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Prices of parboiled rice from top exporters climbed this week, fuelled by limited supplies, pushing Vietnamese rates to their highest in more than 15 years, and in turn driving up the less expensive Indian variety to its highest in two months. 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