India: Steady Prices Backed by Strong Demand

Prices for India's parboiled rice market remained stable this week, quoted at $0,44-$0,45 per kg, as robust demand from African rice markets offset the pressure from rising new crop yields. Similarly, Indian 5% broken white rice was quoted at $0,45-$0,46 per kg, showing no change from last week.

According to a New Delhi-based dealer, "The falling rupee is helping exporters offer rice at competitive prices despite increased paddy costs." This week, the Indian rupee reached a record low against the dollar, effectively boosting exporters' profit margins.

Vietnam: Prices Dip Amid Strong Supplies

Vietnam’s 5% broken rice was offered at $0,51 per kg, a decrease from $0,52 per kg the previous week, according to the Vietnam Food Association. The drop followed a USDA forecast predicting stronger supplies in the region.

Farmers in the Mekong Delta provinces had sown 500,000 hectares of winter-spring crop as of November 20, marking a 30% increase compared to last year, according to the General Statistics Office. These expanded plantings have added to the downward pressure on prices.

Thailand: Slight Price Increase Linked to Baht Strength

Thai 5% broken rice prices rose marginally to $0,51-$0,52 per kg, up from last week’s rate of $0,51 per kg. Traders attributed this slight rise to the appreciation of the baht, which increased export costs.

Despite the price increase, demand has remained quiet as the year-end approaches. However, traders anticipate good crop supplies in the next season due to favorable water levels.

Conclusion: Weather Patterns and Market Trends

Japan's weather bureau noted the appearance of La Niña-like characteristics as winter progresses, although there are no clear indications of La Niña or El Niño phenomena so far. This could influence future crop conditions and pricing trends in the region.









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