{"id":14587,"date":"2020-10-28T23:48:26","date_gmt":"2020-10-28T16:48:26","guid":{"rendered":"https:\/\/dongtam.mywebico.com\/?p=14587"},"modified":"2020-10-28T23:48:26","modified_gmt":"2020-10-28T16:48:26","slug":"rice-prices-in-india-up-as-demand-revives-thai-vietnam-markets-quiet","status":"publish","type":"post","link":"https:\/\/dongtam.com.vn\/en\/rice-prices-in-india-up-as-demand-revives-thai-vietnam-markets-quiet\/","title":{"rendered":"Rice prices in India up as demand revives; Thai, Vietnam markets quiet"},"content":{"rendered":"<\/p>\n
\n
\"Rice<\/p>\n

Rice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday.<\/p>\n

India, the world’s biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $346-$350 per tonne this week, up from $341-$345 last Wednesday
.
The rise in prices came as demand from African buyers improved, said an exporter based at Kakinada in southern Indian state of Andhra Pradesh.<\/p>\n

“African buyers were making good purchases after a long time,” he said, adding there was also some demand from Asia.<\/p>\n

India mainly exports non-basmati rice to African countries and premier basmati rice to the Middle East
.
Domestic buyers also started returning to the market, helping raise prices despite ample supply which cut prices last week, a Mumbai-based exporter said.<\/p>\n

“Good export and domestic demand is offsetting impact of rising supplies,” he added.<\/p>\n

India’s summer-sown rice output is seen at a record 93.88 million tonnes in the crop year to June 2017, 2.81 percent higher than last year.<\/p>\n

In Thailand, prices of 5-percent broken rice rose slightly to $360-$365 a tonne, free-on-board (FOB) Bangkok, from $355-$360 last week.<\/p>\n

“There is some small demand from Iraq and Singapore,” a trader in Bangkok said.<\/p>\n

“The market is otherwise quiet.”<\/p>\n

Thailand, which exported 9.63 million tonnes of rice in 2016, aims to increase exports to 10 million tonnes this year.<\/p>\n

The country will also curb paddy rice production at 25 million to 26 million tonnes for the 2017-18 crop year in a bid to prevent an oversupply of the grain which could dent prices.<\/p>\n

Thailand will begin auctioning about 8 million tonnes of rice from government stockpiles in the first quarter this year and aim to clear the stocks by the end of this year.<\/p>\n

Vietnam’s market remained subdued though its 5-percent broken rice was quoted at $345-$350 a tonne, FOB Saigon, slightly higher than a week earlier when buyers were bidding at around $335 a tonne.<\/p>\n

“Since the New Year holiday until now, there’s no order at all,” said a trader based in Ho Chi Minh City.<\/p>\n

Vietnam is expected to export 5.8 million tonnes of rice in 2017, up 7.4 percent from a year earlier, according to a December report by USDA.<\/p>\n

Thailand and Vietnam are the world’s second and third biggest rice exporters after India.<\/p>\n

Source\u00a0tuoitrenews.vn<\/strong><\/em><\/p>\n

\u00a0<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Rice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday. India, the world’s biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $346-$350 per tonne this week, up from $341-$345 last Wednesday . The rise in […]<\/p>\n","protected":false},"author":12,"featured_media":13895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[734],"tags":[],"class_list":["post-14587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14587"}],"collection":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/comments?post=14587"}],"version-history":[{"count":1,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14587\/revisions"}],"predecessor-version":[{"id":15285,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14587\/revisions\/15285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/media\/13895"}],"wp:attachment":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/media?parent=14587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/categories?post=14587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/tags?post=14587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}