Story by Bangkok Post

Thai export prices retreated further this week and hovered near nine-year lows, hurt by ample supplies and meagre demand, while Indian prices edged up from three-year lows, supported by a slight improvement in demand.

Thailand’s 5% broken rice was quoted at US$345 per metric tonne on Thursday, its lowest since November 2016, down from the $350 quoted last week.

Traders attributed the price drop to flat demand.

Orders for Thai rice are mostly in small amounts and from regular buyers, a Bangkok-based trader said. Another said supply had been ample due to the ongoing harvest towards the tail end of the rainy season this month.

Thailand is keeping its export target at 7.5 million tonnes this year, a commerce ministry official said on Monday.

India

India’s 5% broken parboiled variety was quoted this week at $358 to $365 per tonne, up from last week’s $354-362.

Indian 5% broken white rice was priced at $369-375.

Prices had hit three-year lows around mid-September, due to weak export demand and higher supplies.

“Demand is a bit better than last week, as buyers seem to realise that prices have bottomed out and probably won’t drop any further,” said a New Delhi-based trader.

Vietnam

Vietnam’s 5% broken rice was offered at $440-$465 per tonne on Thursday, unchanged from a week ago, according to the Vietnam Food Association.

“Trading activity remains slow due to weak global demand,” said a trader based in Ho Chi Minh City.

Traders said prices are under downward pressure after the Philippines, one of the largest importers, decided to extend an import suspension beyond 60 days.

Bangladesh

Domestic rice prices in Bangladesh remained elevated despite healthy reserves and strong harvests.

The price of coarse rice – the benchmark variety for tracking market trends – is trading between 55 and 60 taka ($0.4538-0.4950) per kilogramme, around 15-20% higher than a year ago, according to the Trading Corporation of Bangladesh.

Provided by SyndiGate Media Inc.

Published Date: October 5, 2025