Thai rice export prices fall to lowest level in nearly 9 years

Thai rice export prices fell to their lowest in nearly nine years last week due to weak demand, while Indian rates remained steady after hitting a three-year low last week.

A rice shop in Bangkok, Thailand. Photo: AFP/TTXVN

Asian rice market

Thailand’s 5% broken rice was quoted at $350 a tonne, its lowest since November 2016, down from $360 last week. Traders attributed the fall mainly to ample supply and weak demand.

A Bangkok-based trader said the relatively high prices of Thai rice compared to competitors have kept buyers away. Thai exporters can only sell to regular buyers, while others choose to buy rice from cheaper competitors such as India and Vietnam.

India’s 5% broken parboiled rice prices were quoted at $354-$362 a tonne this week, unchanged from last week when they hit a three-year low. India’s 5% broken white rice prices were quoted at $369-$375 a tonne.

A Mumbai-based trader said the fall in prices had prompted buyers to delay purchases, hoping for further price falls. India’s rice stocks in state warehouses rose more than 14% from a year earlier to a record high in early September 2025, according to official data released earlier this week.

According to the Vietnam Food Association, the price of Vietnam's 5% broken rice was offered on September 25 at $440-$465 per ton, up from $450-$455 per ton a week earlier.

US agricultural market

Chicago Board of Trade (CBOT) soybean futures edged up on September 26, but posted their second consecutive weekly decline after China bought large quantities of the crop from Argentina last week. Meanwhile, wheat and corn futures closed lower.

Soybeans for November 2025 delivery rose 1.5 cents to $10.13 a bushel in the final session of the week and were down about 1.1% for the week. Meanwhile, corn for December 2025 delivery fell 3.75 cents to $4.22 a bushel, while soft red winter wheat for the same period fell 7.25 cents to $5.19 a bushel (1 bushel of corn = 25.4 kg; 1 bushel of wheat, soybean = 27.2 kg).

Soybean prices have been under pressure this week as Chinese demand for U.S. soybeans has been hit by lower tariffs in the trade war between the two countries. U.S. soybeans have been disadvantaged in China, the top export market for the United States, this harvest season as retaliatory tariffs have made U.S. soybeans more expensive for Chinese buyers.

After Argentina temporarily abolished its grain and by-product export tax, about 40 shipments of soybeans from the country have been registered for export in November 2025 and December 2025, mainly headed to China.

The ongoing U.S. soybean and corn harvests are adding further pressure to futures prices. The U.S. Department of Agriculture is scheduled to release its weekly update on the progress of the harvest on September 29. The agency will also release quarterly data on U.S. grain stocks a day later.

World coffee market

At the end of the trading session last week (September 26), coffee prices on both London and New York exchanges maintained a strong upward trend.

The price of Robusta coffee on the London floor for delivery in November 2025 increased by 107 USD/ton, equivalent to 2.6%, to 4,201 USD/ton, while the price of Arabica coffee on the New York floor for delivery in December 2025 increased by 6.7 US cents/lb, equivalent to 1.8%, to 3.78 USD/lb (1 lb = 0.4535 kg).

The continuous increase in world coffee prices is the main reason for boosting domestic prices and signals a very optimistic sentiment in the market.

On September 27, coffee prices in key regions of the Central Highlands increased by VND2,600/kg, bringing the average price to VND115,500/kg. This is the highest price in the past two weeks.

Vietnam is the world's leading coffee exporter, so its coffee output affects global supply, while demand continues to increase steadily.

Source: https://baotintuc.vn/thi-truong-tien-te/gia-gao-xuat-khau-cua-thai-lan-giam-xuong-muc-thap-nhat-trong-gan-9-nam-20250927180614915.htm