{"id":5977,"date":"2023-07-28T13:46:21","date_gmt":"2023-07-28T13:46:21","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=5977"},"modified":"2023-07-28T13:46:22","modified_gmt":"2023-07-28T13:46:22","slug":"thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs-rice-export","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs-rice-export\/","title":{"rendered":"Thai, Vietnamese prices hit over decade highs on India curbs rice export"},"content":{"rendered":"\n

India parboiled rice rates jump to 5-1\/2 year-high<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Men load rice bags to a ship for export at a rice processing factory in Vietnam’s southern Mekong delta, Vietnam July 6, 2017. REUTERS\/Kham – RC1707079DE0<\/p>\n\n\n\n

Prices of rice exported from Vietnam and Thailand soared to their highest in more than a decade this week, as India’s export curbs sparked worries about supply of the staple.<\/p>\n\n\n\n

India, which accounts for 40% of world rice exports, ordered a halt to its largest export category last week to calm domestic prices, which climbed to multi-year highs in recent weeks as erratic weather threatened production.<\/p>\n\n\n\n

Vietnam’s 5% broken rice prices rose to $550-$575 per metric ton – their highest since 2011, from a range of $515-$525 a week ago.<\/p>\n\n\n\n

“Exporters are anticipating prices to increase further after India’s move to curb its exports, and therefore it is risky for them to sign new export contracts now,” a Ho Chi Minh City-based trader said.<\/p>\n\n\n\n

Thailand’s 5% broken rice prices surged to an 11-year peak at $605-$610 per metric ton versus last week’s price of $545.<\/p>\n\n\n\n

“Exporters were shocked over the ban pushing prices up and also, there hasn’t been additional supply,” said a Bangkok-based trader.<\/p>\n\n\n\n

The ban on exports of non-basmati white rice pushed prices for India’s parboiled variety to their highest in 5-1\/2 years, at $445-$450 per metric ton versus $421-$428 last week, even as demand was subdued.<\/p>\n\n\n\n

India imposed the ban after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops.<\/p>\n\n\n\n

“Demand is dull due to duty uncertainty following the ban on white rice exports. Exporters are cautious and not selling,” said Himanshu Agarwal, executive director at Satyam Balajee, an exporter.<\/p>\n\n\n\n

Neighbouring Bangladesh, which was also struggling to cool domestic prices of the staple in domestic markets, was not planning to import the grain because of good yield and reserves, a senior official at the Food Ministry said. (Reporting by Rajendra Jadhav in Mumbai, Khanh Vu in Hanoi, Chayut Setboonsarng in Bangkok, and Ruma Paul in Dhaka; additional reporting by Brijesh Patel; Editing by Varun H K)<\/p>\n","protected":false},"excerpt":{"rendered":"

India parboiled rice rates jump to 5-1\/2 year-high Men load rice bags to a ship for export at a rice processing factory in Vietnam’s southern Mekong delta, Vietnam July 6, 2017. REUTERS\/Kham – RC1707079DE0 Prices of rice exported from Vietnam and Thailand soared to their highest in more than a decade this week, as India’s […]<\/p>\n","protected":false},"author":1,"featured_media":5978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167,160],"class_list":["post-5977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-rice","tag-rice-export"],"acf":{"enable_premium_overlay":false},"yoast_head":"\nThai, Vietnamese prices hit over decade highs on India curbs rice export - 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=\"Thai, Vietnamese prices hit over decade highs on India curbs rice export - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"India parboiled rice rates jump to 5-1\/2 year-high Men load rice bags to a ship for export at a rice processing factory in Vietnam’s southern Mekong delta, Vietnam July 6, 2017. 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