Rice market in Asia: Prices increase in India, trade in the whole region is quiet

Rice

Published Dec 27, 2021

Original content

Specifically, India's 5% broken parboiled rice was offered for sale at $355-360/ton, up from $351-356/ton a week ago. Nitin Gupta, Vice President of Rice Sales at Olam India, said: "Rice supply is currently limited due to the milling process stalled. Demand is also weak as buyers are heading into the Christmas holiday break. and the new year". Exporters are focusing more on fulfilling old contracts than signing new ones, Gupta added. Meanwhile, the price of Thai 5% broken rice was reported at 385-396 USD/ton, similar to last week. Demand remained flat as there was no market activity during the holiday season, traders said. "There is very little activity in both the domestic and foreign markets at the end of this year," ...

Source: Vinanet

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