Indian rice set a record

Published 2024년 2월 25일

Tridge summary

Rice prices in India have hit record highs this week due to a combination of tight supply and increased demand, with Indian 5% broken rice now priced at $546-554 per ton. In contrast, prices in Vietnam have fallen due to increased stocks, with 5% broken rice offered at $625-630 per ton. Meanwhile, Thailand's 5% broken rice is priced at $615 per ton, with the price increase attributed to local currency fluctuations, weak demand, and a lack of major trading. New supplies are expected to enter the market next month.

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

Original content

Rice prices from India hit record highs this week on tight supply and a slight improvement in demand, while prices in Vietnam fell as stocks rose, ISNA reported. Indian 5% broken rice was at a record price of $546-554 per ton this week, higher than $542-550 last week. Demand this week was better than last week. Buyers are upset about higher prices but don't really have many options. A Kolkata-based exporter said Indian rice is still cheaper than rice from other regions. Vietnam's 5 percent broken rice was offered at $625-630 per ton, down from $637-640 the previous week. The price of Thailand's 5% broken rice was announced at $615 per ton, slightly higher than last week's $610 per ton. According to a ...

Source: Isna