Thai rice prices hit 3-week high

Thai rice export prices rose to their highest level in three weeks this week.

Rice is displayed for sale at a store in Narathiwat, Thailand. Photo: AFP/TTXVN

Thai 5% broken rice was offered at $355-$365 a tonne, the highest since Aug. 21, compared with $355 last week, traders said, citing a stronger baht. Additional purchases ahead of Christmas shipments were the only notable support, a trader said.

In Vietnam, according to the Vietnam Food Association, 5% broken rice prices were offered at $450-$455 per ton this week, down from $455-$460 per ton a week ago.

A trader in Ho Chi Minh City said the Philippines’ 60-day suspension of rice imports, which began on September 1, is starting to have an impact. Traders said exporters have slowed purchases of paddy from farmers due to weaker demand from overseas markets.

In India, 5% broken parboiled rice prices were quoted at $367-$371 per tonne this week, unchanged from last week. India’s 5% broken white rice prices were quoted at $361-$366 per tonne this week.

Demand is improving as Indian rice is trading at a discount compared to supplies from other Asian countries, a trader in New Delhi said.

Meanwhile, Bangladesh has purchased a record amount of food under its 2025 summer rice procurement program. Despite bumper harvests, stable imports and ample reserves, domestic rice prices continue to rise.

PV (synthesis)

Source: https://baohaiphong.vn/gia-gao-thai-lan-cham-muc-cao-nhat-3-tuan-qua-520739.html