Thai Rice Export Rates Slip As Demand Drops

Thai rice export prices fell to the lowest in a month this week as demand sagged, while Vietnamese rates rose as persistent rain continued to hamper the harvest.

Thailand’s benchmark 5% broken rice prices slipped to $480-$515 from $514-$520 last week.

Prices fell to the lowest level since late-May, with traders also attributing the dip to a weaker baht.

ESM