Vietnam rice prices may increase when the winter-spring harvest ends

In the past week, the Asian rice market was less volatile except for the increase in Thai rice price due to demand from the Middle East market; The US agricultural market saw negative trades in wheat, corn and soybeans. Asian rice market Thai rice export prices rose this week due to increased demand from the Middle East market, while prices for Indian and Vietnamese rice were unchanged. Thailand's 5% broken rice price was traded at $432-435/ton, up from $410-414/ton last week. A trader in Bangkok said the increase in rice prices was due to increased demand from markets such as Iraq and Iran and improved relations with Saudi Arabia. Traders said transportation costs, a major challenge for Thailand's rice exports, have also been eliminated as Middle Eastern customers send private vessels to buy rice. In addition, the weaker Thai baht against the USD also contributed to the increase in rice prices this week. The price of 5% broken parboiled rice of India's top rice exporter ...