All over the world rice prices have changes in key markets this week. India seeing lower rates as supplies grow and the rupee weakens. In contrast, Vietnam has experienced a drop in demand from the Philippines, while Thailand’s market remains largely stable. Meanwhile, Bangladesh has turned to imports to address rising costs at home. Let's have a detailed look.

Indian Rice Prices Adjust to Increased Supply

India’s 5% broken parboiled rice was offered at USD 0,440-0,446/kg, compared to last week’s USD 0,444-0,450/kg. 5% broken white rice was quoted at USD 0,447-0,455/kg, reflecting slight adjustments in pricing.

Exporters in India have been able to lower prices due to the rupee's record low against the dollar, which has improved their profit margins. A trader in New Delhi explained, “We are recalibrating prices to reflect the currency changes, and demand remains steady for now.”

Vietnam Sees Fewer Orders from the Philippines

Vietnam’s 5% broken rice was priced at USD 0,495-0,508/kg, down from USD 0,509 last week. Traders noted that the Philippines, a major buyer of Vietnamese rice, has shown interest in sourcing from India and Pakistan, impacting Vietnam's orders.

“The market is quiet, with fewer transactions than usual,” shared a trader from the Mekong Delta.

Thailand’s Market Remains Quiet

Thailand’s 5% broken rice stayed relatively stable at USD 0,512/kg, with minor fluctuations compared to last week’s USD 0,510-0,515. Traders in Bangkok attributed the steady prices to consistent supply and limited activity ahead of the holiday season.

One trader noted, “Prices might ease slightly after the New Year as more rice enters the market, particularly from India.”

Bangladesh Increases Rice Imports

Bangladesh has been importing rice to manage rising costs, securing 100,000 tonnes of white rice from Myanmar at USD 0,515/kg. The government is also purchasing parboiled rice from India through tenders.

Despite holding reserves of 1.2 million tonnes of food grains, including 742,000 tonnes of rice, the Bangladeshi government has struggled to bring prices under control. The imports aim to stabilize the situation in local markets.

Conclusion

India’s exports benefit from currency changes, Vietnam faces slower demand from the Philippines, and Bangladesh seeks relief through imports. These developments show how regional factors are shaping the global rice trade, with more adjustments likely as supply levels rise after the New Year.









Click here to reach our trading platfrom CMBroker