Vietnam’s export offers eased while India and Thailand inched higher on currency moves and El Niño supply concerns.
What's going on here?
Asian rice prices are pulling in different directions: Vietnam’s export offers eased after the Philippines paused buying, while India and Thailand edged higher on currency moves and El Niño-related supply worries.
What does this mean?
Vietnam’s benchmark 5% broken rice was offered around $405-$415 per metric ton, down from last week, after the Philippines, its biggest customer, suspended imports in June. Traders say buying could restart in July but with volumes capped near 200,000 tons, which helps explain why Vietnam can look cheaper even as the region frets about tighter supply later in the year. Elsewhere, prices are firmer. In India, exporters lifted quot..
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