![\"\"](\"http:\/\/kingkong-vietsu.com\/wp-content\/uploads\/2019\/04\/tai-xuong-1552010263-1-900x600.jpg\")
<\/p>\n<\/p>\n
Rice export prices rose for both the Indian and Vietnamese varieties this week, bolstered by a pick up in demand, while fresh supply and a lack of interest from overseas buyers weighed on Thai rice prices.<\/p>\n
Prices for top exporter India\u2019s benchmark 5 percent broken parboiled variety rose for the first time in four weeks to $383-$386 per tonne from last week\u2019s $378-$383 range.<\/p>\n
\u201cDemand is good, especially in containers from west Africa market,\u201d Nitin Gupta, vice president, rice business at Olam India, said.<\/p>\n
Also supporting the Indian variety, the rupee was at its firmest since the start of the year, slashing exporters\u2019 returns from foreign sales and prompting them to raise prices.<\/p>\n
Vietnam, the world\u2019s third-largest shipper of the grain after Thailand, also saw prices for its 5 percent broken rice variety gain to $355 a tonne from $345 last week.<\/p>\n
\u201cThe government said it would buy rice from farmers for stockpiling, and demand is also seen rising,\u201d a trader based in Ho Chi Minh City said.<\/p>\n
\u201cHowever, increasing supplies from an ongoing harvest will likely keep prices from rising further.\u201d<\/p>\n
The winter-spring harvest in the Mekong Delta will peak at the end of this month.<\/p>\n
The country\u2019s central bank earlier this week asked local commercial banks to lower their lending rates to 6 percent for short-term loans to farmers, rice processors and exporters to help absorb the winter-spring output.<\/p>\n
\u201cMalaysia is buying, and we have also been approached by customers from China and the Philippines, who are seeking to buy Vietnamese rice,\u201d another trader said.<\/p>\n
In Thailand, benchmark 5 percent broken rice prices eased to $380-$390, free on board Bangkok, from last week\u2019s $383-$398.<\/p>\n
Fresh supply and the weakening of the domestic currency contributed to the price dip, while demand remained flat, traders said.<\/p>\n
\u201cThere are now talks that there could be a drought during this dry season and that could impact supply next quarter,\u201d a trader said.<\/p>\n
\u201cExporters are still looking to the Philippines for a possible deal, but so far things have remained quiet.\u201d<\/p>\n
Meanwhile, summer rice output in Bangladesh is expected to hit 19.62 million tonnes from 19.57 million tonnes last year, Mizanur Rahman, a senior official of Department of Agriculture Extension, told\u00a0Reuters<\/em>.<\/p>\n The summer-sown crop, also known as \u2018Boro\u2019, usually contributes more than half of Bangladesh\u2019s typical annual rice production of around 35 million tonnes.<\/p>\n Bangladesh, the world\u2019s fourth largest producer, saw imports surge in 2017 after floods wrought havoc on local crops, prompting the country to act to shore up domestic reserves.<\/p>\n Source:\u00a0https:\/\/tuoitrenews.vn\/news\/business\/20190308\/asia-rice-india-vietnam-attract-fresh-buying-supply-weighs-on-thai-market\/49202.html<\/p>\n Workers unload sacks of rice from a Vietnam cargo ship carrying some 12, 700 tonnes of rice, at the port in Manila Rice export prices rose for both the Indian and Vietnamese varieties this week, bolstered by a pick up … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":3299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/posts\/3298"}],"collection":[{"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/comments?post=3298"}],"version-history":[{"count":0,"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/posts\/3298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/media\/3299"}],"wp:attachment":[{"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/media?parent=3298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/categories?post=3298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kingkong-vietsu.com\/en\/wp-json\/wp\/v2\/tags?post=3298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/h4>","protected":false},"excerpt":{"rendered":"