India prices hold near 1-year lows, Thai rates rise on steady demand
Repeats Oct. 17 story with no changes to text
Last week, India rates hit lowest since Aug 2023
Trading activity quiet in Vietnam as supplies run low- trader
Thai rates at $525/tonne vs $510 last week
Prices in Bangladesh have gone up again this week
By Anushree Mukherjee
Oct 17 (Reuters) -Rice export prices in India held near their lowest level in more than a year amid a slight improvement in demand, while Thailand rates rose as the Southeast Asian country sees consistent demand from its customers.
Top exporter India's 5% broken parboiled variety RI-INBKN5-P1 was quoted at $490-$495 per ton this week, unchanged from last week when it hit its lowest since Aug. 24, 2023.
The country's 5% broken white rice variety was quoted between $490 to $495 per ton this week.
Buyers are becoming comfortable with prices, which have stabilised after a significant drop following the government's move to cut export duty, a Kolkata-based exporter said.
India last month cut export duty on parboiled rice to 10% and allowed exports of non-basmati white rice at a floor price of $490 per metric ton.
Thailand's 5% broken rice RI-THBKN5-P1 rose to $525 a tonne from last week's price of $510 due to domestic activity.
Foreign demand was coming in steadily from the same customers like Indonesia and Philippines, said a Bangkok-based trader, adding that supply has already been harvested.
There could be more demand from Indonesia for the rest of the year, another trader said.
Vietnam's 5% broken rice RI-VNBKN5-P1 was offered at $537 per ton on Thursday, lower than $538 a week ago, according to the Vietnam Food Association. Prices are at their lowest since July 2023.
"Trading activity is quiet as domestic supplies are running low," a trader based in Ho Chi Minh City said.
"India's move to ease its export restrictions have somehow impacted the global market, but the impact on Vietnamese rice is seen as limited," the trader added.
Rice prices in Bangladesh have gone up again this week, traders said.
Last week, officials said at least five people had died and more than 100,000 were stranded as devastating floods, triggered by heavy rains and upstream torrents, ravaged northern Bangladesh.
Reporting by Anushree Mukherjee in Bengaluru, Rajendra Jadhav in Mumbai, Chayut Setboonsarng in Bangkok, Khanh Vu in Hanoi and Ruma Paul in Bangladesh; additional reporting by Swati Verma; Editing by Maju Samuel
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
