Thai Prices Steady Thursday On Strong Demand

In Thailand, strong demand on the local market from exporters who need to
fulfill outstanding contracts have been supporting export prices.
 
  "There have been many inquiries in the market, but buyers are waiting for
prices to come down," one exporter said.
 
  A second exporter said tight local supply due to recent heavy rains is also
providing support.
 
  "We expect prices to soften next month when there's more paddy available to
millers," a second exporter said.
 
  Thursday, Thai 100% grade B rice was offered unchanged at $333-$335 a metric
ton, FOB Bangkok; 5% broken was offered flat at $324-$325/ton; parboiled 100%
sortexed was offered around $330/ton versus $324-$333/ton.