Thailand's rice export prices lowest in 9 years

VTV.vn - Thai rice export prices continued to fall this week and fluctuated around a nine-year low, due to abundant supply and weak demand.

Illustration photo.

Thailand's 5% broken rice was quoted at $345 a tonne on October 2, the lowest since November 2016, down from $350 a tonne last week.

Traders attributed the price decline to flat demand. One Bangkok-based trader said orders for Thai rice were mostly small quantities and from regular buyers. Another trader said supplies were plentiful due to the ongoing harvest.

Thailand is keeping its export target at 7.5 million tonnes this year, a Commerce Ministry official said earlier this week.

Meanwhile, India’s 5% broken parboiled rice was quoted at $358-$365 a tonne this week, up from $354-$362 a tonne last week. India’s 5% broken white rice was quoted at $369-$375 a tonne. Prices had fallen to a three-year low around mid-September 2025 due to weak export demand and increased supplies.

A trader in New Delhi said demand was somewhat better than last week, as buyers appeared to realize prices had bottomed out and were unlikely to fall further.

Vietnam's 5% broken rice was offered at $440-$465 per ton on October 2, unchanged from a week ago, according to the Vietnam Food Association.

Trading activity remains slow due to weak global demand, according to a trader in Ho Chi Minh City.

Traders said rice prices were being adversely affected after the Philippines, one of the largest rice importers, decided to extend its ban on rice imports for another 60 days.

Source: https://vtv.vn/gia-gao-xuat-khau-cua-thai-lan-thap-nhat-trong-9-nam-100251004182902054.htm