7-Supply Woes Propel Rice Export Rates In Top Hubs To New Peaks

1. Supply Woes Propel Rice Export Rates In Top Hubs To New Peaks Supply Woes Propel Rice Export Rates In Top Hubs To New Peaks Rice prices in Vietnam and Thailand have risen by nearly 20% since India banned the export of non- basmati white rice last month. This week, prices of rice exported from Asian hubs continued their explosive rally. As India, the world's top Exporter of Rice, recently banned shipments of non-basmati white rice, worries about the staple's supply in the world market continued to grow. Price For Rice In Thailand Price For Rice In Thailand Prices for Thailand's 5% broken rice were quoted at $650-$655 per metric ton, up from $627-$630 last week and the highest level since October 2008. A trader from Bangkok claimed that there was a limited amount of new supply and that he had completed a few trades with Asian nations, but he gave no other information. There may be more supply, but millers may be holding on to it to later sell at higher prices, another trader said, adding that "demand was coming in from all over the world, including Indonesia, Africa, and the Philippines." Price For Rice In Vietnam Price For Rice In Vietnam Vietnam's 5% broken rice was offered at $620-$630 per ton, up from $590-$600 a week earlier and the highest price since July 2008. A trader from Ho Chi Minh City said, “Trading activity is limited as exporters still expect further price increases.” Another trader claimed that because domestic paddy prices are rising and it is getting harder for exporters to secure enough supplies for the contracts, they are not signing new export contracts.

2. According to preliminary shipping information, 182,180 tons of rice will be loaded at the port in Ho Chi Minh City between August 1 and August 15. Parboiled Rice Price From India Parboiled Rice Price From India This week, Indian 5% broken parboiled rice was quoted at a record $460-$467 per ton, up from $450 to $455 the previous week as demand shifted to the grade due to the ban on non-basmati rice. As rival countries Thailand and Vietnam are quoting even higher prices, some buyers did make purchases at record prices, according to an exporter. If you are a rice importer wishing to buy rice in bulk or a rice exporter willing to Export bulk rice, then Tradologie.com is the right platform for you. Tradologie is a transaction-oriented platform that facilitates bulk agro-commodities trade completely from inquiry to delivery in a digital manner. The best quality and inspected commodities can be procured at prices that can be directly negotiated with the sellers, thereby giving more margins for both sellers and buyers; reducing the overall cost of trade. This platform hence grants sellers better access to new global buyers, increasing their overall business orders and profits, as there are no middlemen involved in the trade here. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.