Thailand Rice Export Prices Higher On Fresh Demand

Indicative rice export prices in Thailand rose in the week to Monday on expected fresh demand from the Philippines.

According to traders, the price offers given at a Philippine tender last week have become a benchmark for global prices.

Thai 100% grade B was indicated Monday at $1,000 PMT, FOB, 5% broken at $980 PMT, FOB, and parboiled also at $1,000 PMT, FOB. These prices are higher by up to $100 PMT from price indications a week ago.

International demand for Thai rice has soared after other top exporters Vietnam and India imposed limits on exports to ensure domestic supplies.