{"id":6647,"date":"2023-08-16T10:18:48","date_gmt":"2023-08-16T10:18:48","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6647"},"modified":"2023-08-16T10:18:55","modified_gmt":"2023-08-16T10:18:55","slug":"rice-edges-lower-as-key-asian-buyers-seek-to-build-stockpiles","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-edges-lower-as-key-asian-buyers-seek-to-build-stockpiles\/","title":{"rendered":"Rice Edges Lower as Key Asian Buyers Seek to Build Stockpiles"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-85.png\" alt=\"\" class=\"wp-image-6648\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-85.png 960w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-85-600x338.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-85-300x169.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-85-768x432.png 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Rice Edges Lower as Key Asian Buyers Seek to Build Stockpiles<\/h2>\n\n\n\n<p>(Bloomberg) &#8212; Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies.<\/p>\n\n\n\n<p>Thai white rice 5% broken \u2014 an Asian benchmark \u2014 slipped to $612 a ton on Wednesday, according to data from the Thai Rice Exporters Association. Prices are still up 20% this year after surging to the highest since 2008 last week.<\/p>\n\n\n\n<p>The Philippines, the second-biggest rice importer, is in talks to ship the grain from Vietnam and India to boost its buffers and lower prices, while Indonesia is speeding up inbound shipments to build stockpiles. Rice is vital to the diets of nearly half of the world\u2019s population, particularly in Asia and Africa.<\/p>\n\n\n\n<p>Read More: Myanmar Eyes Surge In Rice Exports After India Curbs Supply<\/p>\n\n\n\n<p>Supply concerns escalated after India banned some exports and Thailand urged farmers to switch to crops that require less water as the nation grapples with drier conditions. The countries are the world\u2019s two biggest shippers of the grain. The onset of El Ni\u00f1o also threatens global output.<\/p>\n\n\n\n<p>Vietnam\u2019s rice exports to Indonesia have surged around 1,500% over the first seven months of 2023, compared with same period last year, customs figures show. Shipments to China are also higher, while those to the Philippines are marginally lower. However, purchases by Manila jumped in July from June.<\/p>\n\n\n\n<p>&#8211;With assistance from Mai Ngoc Chau and Patpicha Tanakasempipat.<\/p>\n\n\n\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/rice-edges-lower-key-asian-084655024.html#\"><\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/dialog\/feed?app_id=458584288257241&amp;link=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Frice-edges-lower-key-asian-084655024.html%3Fsoc_src%3Dsocial-sh%26soc_trk%3Dfb%26tsrc%3Dfb\" target=\"_blank\"><\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Rice%20Edges%20Lower%20as%20Key%20Asian%20Buyers%20Seek%20to%20Build%20Stockpiles&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Frice-edges-lower-key-asian-084655024.html%3Fsoc_src%3Dsocial-sh%26soc_trk%3Dtw%26tsrc%3Dtwtr&amp;via=YahooFinance\" target=\"_blank\"><\/a><a rel=\"noreferrer noopener\" href=\"mailto:?subject=Rice%20Edges%20Lower%20as%20Key%20Asian%20Buyers%20Seek%20to%20Build%20Stockpiles&amp;body=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Frice-edges-lower-key-asian-084655024.html%3Fsoc_src%3Dsocial-sh%26soc_trk%3Dma\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rice Edges Lower as Key Asian Buyers Seek to Build Stockpiles (Bloomberg) &#8212; Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies. Thai white rice 5% broken \u2014 an Asian benchmark \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[160,159],"class_list":["post-6647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-export","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>Rice Edges Lower as Key Asian Buyers Seek to Build Stockpiles - 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=\"Rice Edges Lower as Key Asian Buyers Seek to Build Stockpiles - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Rice Edges Lower as Key Asian Buyers Seek to Build Stockpiles (Bloomberg) &#8212; Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies. 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