Vietnam's Prices Steady Wed Amidst Strong Demand
Date: Wednesday, April 04 @ 04:15:26 CDT
Topic: Rice Market Prices
In Vietnam, prices were steady Wednesday due to strong demand even as farmers
are harvesting the main crop.
"Prices should remain at this level due to strong demand for Vietnamese
rice," one exporter said.
Many exporters are busy gathering supply for shipment to Indonesia and the
Philippines, two major buyers of the grain in Asia.
Some traders from Africa and Iraq were also making inquiries in the market
but haven't signed any deal yet, apparently waiting for prices to go down.
Vietnam's 5% broken was offered unchanged Wednesday at $305 PMT, FOB, Ho Chi
Minh City, the 25% broken at $290 PMT.
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