India remains the powerhouse of the global rice trade, accounting for 35% of world rice exports. Global prices of rice have hit an 8-year low after New Delhi lifted the export curbs in March this year. By Manisha Gupta “Today, Thailand rice is at par with Indian prices, about $360-375 a tonne, which was never […]
Reuters BENGALURU, MUMBAI, BANGKOK, DHAKA AND HANOI: Indian rice export prices fell for a third straight week, pressured by weak demand, a soft rupee and oversupply, while domestic rates in Bangladesh remain high despite a bumper harvest. India’s 5% broken parboiled variety was quoted at $375-$380 per ton, its lowest since mid-2023. Last week, prices […]
WRITER: Online Reporters The Thai Ministry of Commerce is trying to boost prices and exports of rice and langon, along with more measures to support famers, commerce minister Jatuporn Buruspat said on Monday. The production of in-season rice is scheduled to be completed in November and December. The Ministry of Agriculture has been informed by […]
Source: S&P Global Demand for Thai parboiled rice is emerging in the West African market, as the price difference between Thai and Indian parboiled rice has declined sharply recently. Platts, part of S&P Global Commodity Insights, assessed Thai PB 100% at $375/mt FOB and India PB 5% at $381/mt FOB on July 7. Indian parboiled […]
NEWSPAPER SECTION: Business / WRITER: Wichit Chantanusornsiri The National Rice Policy and Management Committee has approved four projects worth more than 50 billion baht to maintain price stability and strengthen security for rice farmers. According to Wittayakorn Maneenetr, director-general of the Department of Internal Trade (DIT), the committee approved a paddy sales postponement loan programme […]
WRITER: Phusadee Arunmas The Commerce Ministry is monitoring reports of Cambodian-grown rice products distributed in China, which use packaging bearing the print of a Thai flag and a certification emblem for Thai jasmine rice. Sunanta Kangvalkulkij, director-general of the Ministry of Commerce’s Department of International Trade Promotion (DITP), said the reports came from Thais living […]
Reuters There is ample supply in Southeast Asia REUTERS — Indian rice prices rose for a second straight week on rupee strength despite sluggish demand. Meanwhile, ample global supplies pushed Vietnamese rates lower. India’s 5 percent broken parboiled variety was quoted at $382-$387 per ton, up from last week’s $380-$386. Indian 5 percent broken white […]
Reuters BANGKOK: Thailand’s rice exports will reach a target of 7.5 million metric tons this year as Thai rice is still in demand, a commerce ministry official said on Friday. But tensions in the Middle East are a concern as Thailand exports a lot of rice to Iraq, Arada Fuangtong, head of the foreign trade […]
Finance Minister calls urgent NRPMC meeting on June 26 as paddy prices hit a 17-year low. Farmers push for 1,000 baht/rai aid for up to 10 rai of dry-season rice. Deputy Prime Minister and Finance Minister Pichai Chunhavajira, in his capacity as chairman of the National Rice Policy and Management Committee (NRPMC), has called an […]
India’s rice supply remains strong, with government reserves reported at 59.5 million metric tonnes as of June 1. This figure is over four times the official target for July, highlighting the country’s substantial rice stockpile. India Today Business Desk In Short Rice prices in India have experienced a modest increase this week as global demand […]
