{"id":5571,"date":"2023-04-14T10:38:50","date_gmt":"2023-04-14T10:38:50","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=5571"},"modified":"2023-07-19T10:39:15","modified_gmt":"2023-07-19T10:39:15","slug":"asia-rice-rates-rise-in-top-hubs-bangladesh-hikes-local-purchase-prices","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/asia-rice-rates-rise-in-top-hubs-bangladesh-hikes-local-purchase-prices\/","title":{"rendered":"Asia rice: Rates rise in top hubs, Bangladesh hikes local purchase prices"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/04\/image-39.png\"><img decoding=\"async\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/04\/image-39.png\" alt=\"\" class=\"wp-image-130648\"\/><\/a><\/figure>\n\n\n\n<p><strong>Top rice exporters saw rates for the staple grain advance this week on increased orders, while Bangladesh raised the price it will offer farmers for the upcoming season\u2019s crop in an effort to keep domestic prices stable.<\/strong><\/p>\n\n\n\n<p>Bangladesh, which buys rice from local farmers to ensure a support price, build stocks for state welfare programmes and meet emergency needs, will raise prices to 44 taka ($0.41) a kilogram, up from 40 taka ($0.38) a year ago, the food minister said on Thursday.<\/p>\n\n\n\n<p>The government will buy 1.2 million tonnes of rice from local farmers starting from May 7 to Aug. 31.<\/p>\n\n\n\n<p>Top exporter India\u2019s 5% broken parboiled variety was quoted at $385-$392 per tonne this week, up from last week\u2019s $383-$389 range, helped by an appreciation in the rupee.<\/p>\n\n\n\n<p>\u201cDemand is rising. Buyers are giving preference to India since prices are lower than Thailand and Vietnam,\u201d said an exporter based at Kakinada in the southern Indian state of Andhra Pradesh.<\/p>\n\n\n\n<p>Vietnam\u2019s 5% broken rice was offered at $465-$470 per tonne, up from $460 per a week ago.<\/p>\n\n\n\n<p>\u201cDemand for Vietnamese rice remains strong while the country\u2019s exports in the first quarter rose strongly,\u201d a trader based in Ho Chi Minh City said.<\/p>\n\n\n\n<p>Government data released earlier this week showed Vietnam exported 1.85 million tonnes of rice in the January-March period, up 23.4% from a year earlier. The Philippines and China remained Vietnam\u2019s largest rice buyers in the first quarter, according to the data.<\/p>\n\n\n\n<p>Thailand\u2019s 5% broken rice prices rose to $485-$490 a tonne from $480-$482 in the previous week.<\/p>\n\n\n\n<p>\u201cExporters are rushing to buy rice to satisfy orders coming from places like Indonesia,\u201d said a Bangkok-based trader.<\/p>\n\n\n\n<p>Domestic supply is also tightening because it was the end of the season and more supply would come in by June and July, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top rice exporters saw rates for the staple grain advance this week on increased orders, while Bangladesh raised the price it will offer farmers for the upcoming season\u2019s crop in an effort to keep domestic prices stable. Bangladesh, which buys rice from local farmers to ensure a support price, build stocks for state welfare programmes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46],"class_list":["post-5571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice"],"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: Rates rise in top hubs, Bangladesh hikes local purchase prices - 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: Rates rise in top hubs, Bangladesh hikes local purchase prices - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Top rice exporters saw rates for the staple grain advance this week on increased orders, while Bangladesh raised the price it will offer farmers for the upcoming season\u2019s crop in an effort to keep domestic prices stable. 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