Latest developments on the world agricultural market last week

Published 2024년 5월 6일

Tridge summary

The article provides an overview of the current situation in the Asian and American agricultural markets, focusing on rice, soybeans, corn, and coffee prices. In Asia, the prices for broken rice in India, Thailand, Vietnam, and Bangladesh remain stable or show slight increases, influenced by various factors such as market trends, domestic demand, and weather conditions. Meanwhile, in America, soybean and corn futures are experiencing a consecutive price increase due to harvest disruptions in Brazil and Argentina, although wheat prices are slightly declining due to concerns over Russian and American output. Lastly, coffee prices are at a monthly low due to a surge in global supply, as reported by the International Coffee Organization, and the article also provides specific price details and trends in the Vietnamese coffee market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: baotintuc.vn Rice is sold at a market in Dhaka, Bangladesh. Photo: AFP/TTXVN Asian rice market India's 5% broken parboiled rice was offered for sale at 528 - 536 USD/ton this week, unchanged from last week. An exporter in the southern Indian state of Andhra Pradesh said the market has not seen much fluctuation, with buyers delaying purchases as rice prices are being adjusted in all major exporting countries. Meanwhile, the price of Thailand's 5% broken rice increased slightly to 588 - 595 USD/ton, from 580 - 585 USD/ton last week. A trader in Bangkok said rice prices will remain high thanks to the push from domestic demand and activity. Besides, drought can also cause rice prices to remain high. In Vietnam, traders said 5% broken rice was offered at 577 - 580 USD/ton on May 2, up slightly from a week earlier, and rice prices remained stable during the holiday season. Lasts from April 29 - May 1. Meanwhile, in Bangladesh, a prolonged heatwave caused by high temperatures and ...

Source: AgroInfo.vn