Asia Rice- Thai Exporters Seek Vietnamese, Cambodian Rice To Meet Deals
Demand for low-quality white rice from African buyers has forced Thai exporters to purchase additional stocks from Cambodia and Vietnam to meet orders because domestic rice is in short supply due to government buying scheme, traders said on Wednesday. The price of 25 per cent broken grade Thai white rice jumped to $545 per tonne on Wednesday, some way above the $520-530 per tonne being offered recently, although the benchmark 100 per cent B grade was steady at $580, they said. … Due to a lack of broken grade rice on the market, some Thai exporters have had to import some from Cambodia, or even Vietnam via Cambodia. … Harvesting of the Mekong Delta’s summer-autumn crop has peaked and will end later this month, meaning no fresh grain supply to weigh on prices in coming weeks.
