{"id":6089,"date":"2023-08-01T05:32:12","date_gmt":"2023-08-01T05:32:12","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6089"},"modified":"2023-08-01T05:32:12","modified_gmt":"2023-08-01T05:32:12","slug":"asia-rice-thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/asia-rice-thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs\/","title":{"rendered":"Asia rice: Thai, Vietnamese prices hit over decade highs on India curbs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-2.png\" alt=\"\" class=\"wp-image-6090\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-2.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-2-600x450.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-2-300x225.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-2-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Prices of rice exported from Vietnam and Thailand soared to their highest in more than a decade this week, as India\u2019s export curbs sparked worries about supply of the staple. 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.<\/strong><\/p>\n\n\n\n<p>Vietnam\u2019s 5% broken rice prices rose to $550-$575 per metric ton &#8211; their highest since 2011, from a range of $515-$525 a week ago. \u201cExporters are anticipating prices to increase further after India\u2019s move to curb its exports, and therefore it is risky for them to sign new export contracts now,\u201d a Ho Chi Minh City-based trader said. Thailand\u2019s 5% broken rice prices surged to an 11-year peak at $605-$610 per metric ton versus last week\u2019s price of $545.<\/p>\n\n\n\n<p>\u201cExporters were shocked over the ban pushing prices up and also, there hasn\u2019t been additional supply,\u201d said a Bangkok-based trader. The ban on exports of non-basmati white rice pushed prices for India\u2019s 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<p>India imposed the ban after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. \u201cDemand is dull due to duty uncertainty following the ban on white rice exports. Exporters are cautious and not selling,\u201d said Himanshu Agarwal, executive director at Satyam Balajee, an exporter.<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices of rice exported from Vietnam and Thailand soared to their highest in more than a decade this week, as India\u2019s export curbs sparked worries about supply of the staple. 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167],"class_list":["post-6089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-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: Thai, Vietnamese prices hit over decade highs on India curbs - 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: Thai, Vietnamese prices hit over decade highs on India curbs - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Prices of rice exported from Vietnam and Thailand soared to their highest in more than a decade this week, as India\u2019s export curbs sparked worries about supply of the staple. 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