Thailand Rice Export Prices Slightly Lower Monday

Thai rice export prices were slightly lower in the week to Monday as buyers were waiting for the government to sell rice from its stockpiles.

Thailand's state agency is carrying 4 million MT of rice in warehouses and is spending THB1.2 million ($37,147) a year to regulate rice stockpiles.

On Monday, Thai 100% grade B was offered a tad lower at $332 PMT, FOB compared with $333 PMT last week; while 5% broken was also offered slightly lower at $323-$325 PMT, FOB versus $325 PMT a week ago.