webfact Posted May 1, 2022 Share Posted May 1, 2022 by Natthaphon Sangpolsit BANGKOK (NNT) - Prices of rice exported from Thailand rose last week on increased demand from Middle Eastern markets, while Indian and Vietnamese rates were unchanged. Thailand’s 5% broken rice prices were quoted at US$432-435 per ton, up from $410-414 last week. A Bangkok-based trader said, "There has been an uptick in demand from markets like Iraq and Iran and also due to improved relations with Saudi Arabia." Traders said freighter costs, a major challenge for Thai rice export, have also been sidestepped because Middle Eastern buyers have sent their own freight for rice purchases. They added that a weaker baht against the U.S. dollar also contributed to the rise in rice prices this week. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe Top exporter India’s 5% broken parboiled variety was quoted at $361-365 per ton, unchanged from the last week. Vietnam’s 5% broken rice was offered at $415 per ton on Thursday (28 Apr), unchanged from last week. Meanwhile, the government in Bangladesh raised the price it will pay to farmers for the current season’s rice to 40 taka ($0.48) a kilogram, up from 36 taka a year ago, food minister Sadhan Chandra Majumder said. -- © Copyright NNT 2022-05-02 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Pedrogaz Posted May 2, 2022 Share Posted May 2, 2022 Better be careful here. We don't need millions short of rice in Thailand. Link to comment Share on other sites More sharing options...
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