ASIA RICE-India rates steady at record highs, Vietnam activity picks up

February 16, 2024

Rates of parboiled rice exported from India held record high levels hit this week even as demand was subdued from African buyers, while Vietnam saw increased trading activity after the holiday period. India's 5% broken parboiled variety RI-INBKN5-P1 was quoted at a record $542 to $550 per ton this week, unchanged from last week when limited supplies pushed prices to a record high. In Vietnam, 5% broken rice RI-VNBKN5-P1 was offered at $637-$640 per metric ton, compared with the $635-$640 range before the holiday, traders said. "Supplies are stronger after Tet, both buying and selling activities picked up," said a trader based in the rice bowl of Mekong Delta. Thailand's 5% broken rice prices RI-THBKN5-P1 were quoted at $610 per ton, sliding down from last week's prices of $630, tracking a weaker baht.

The source of this news is from Tuoi Tre News

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