India and Vietnam Rice Prices Stagnate as Buyers Hold Back Orders
Executive Summary
Key insights and market outlook
Export prices for rice from India and Vietnam have stagnated due to high prices deterring buyers, while Thai rice prices hit a five-week low amid weak demand. Indian parboiled rice with 5% broken grains is quoted at US$355-360 per ton, unchanged from last week. The stagnant prices reflect the delicate balance between supply and demand in the global rice market.
Deep Dive Analysis
Global Rice Market Sees Stagnation in India and Vietnam Exports
Price Stability Amid Weak Demand
The export prices for rice from major producers India and Vietnam have remained stagnant this week due to elevated price levels that are deterring potential buyers from placing new orders. Meanwhile, Thai rice prices have dropped to their lowest level in five weeks as demand continues to be sluggish.
Indian Rice Pricing
Indian parboiled rice with 5% broken grains is currently priced between US$355 and US$360 per ton, showing no change from the previous week. This price stability indicates a cautious market where buyers are waiting for potential future price movements before committing to new purchases.
Market Dynamics
The current market situation reflects a complex interplay between supply constraints and demand weakness. While high prices are limiting buyer activity for Indian and Vietnamese rice, Thai rice prices are being pressured by weak demand. This divergence highlights the nuanced nature of the global rice market, where different origins are experiencing different dynamics based on various factors including price competitiveness and market demand.
Source References
Story Info
Topics Covered
Key Events
Rice Price Stagnation
Thai Rice Price Drop
Global Rice Market Dynamics