Vietnamese and Indian rice prices fell in Asian markets last week

Published 2024년 12월 22일

Tridge summary

Indian parboiled rice export prices have fallen due to a weaker rupee and increasing supplies, with the rupee hitting a record low against the US dollar. Vietnamese rice prices have also eased due to concerns of decreased demand from the Philippines. Meanwhile, Thai rice prices are steady. Bangladesh is importing rice from Myanmar and Australia to control rising prices. In the US, agricultural markets are under pressure due to a stronger dollar. Finally, world coffee prices are mixed, with Robusta prices continuing to decline and Arabica prices increasing due to speculative buying.

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

Original content

Asian Rice Market Indian parboiled rice export prices fell this week amid a weaker rupee and rising supplies, while Vietnamese rice prices also eased on concerns that demand from the Philippines may ease. India's top exporter, 5% broken parboiled rice, was quoted at $440-$446 a tonne this week, down from $444-$450 a tonne last week. India's 5% broken white rice was quoted at $447-$455 a tonne. The Indian rupee hit a record low against the US dollar on December 19, helping exporters boost profits. Meanwhile, Vietnam's 5% broken rice was quoted at $495-$508 a tonne, down from $509 a tonne last week, according to traders and the Vietnam Food Association. A trader in the Mekong Delta region said rice prices fell further after the Philippine Department of Agriculture signaled it would buy rice from India and Pakistan. The Philippines is one of the biggest importers of Vietnamese rice. Thailand's 5% broken rice was quoted at $512 a tonne, compared with $510-$515 a tonne last week. ...

Source: Vietstock