Thailand Rice Export Prices High Amid Dwindling Supplies

Thailand rice export prices soared anew in the week to Monday as most exporters continued to scour for the grain amid dwindling rice supplies.

Prices broke the $700 PMT level as exporters continued to scamper for supply to fulfill outstanding contracts, with most not making offers.

Thai 100% grade B was indicated Monday at $720-$730 PMT, FOB, 5% broken at $710-$715 PMT, FOB and parboiled at $700 PMT, FOB. These prices are higher by up to $100 PMT from price indications given a week earlier.