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2022-03-12 05:10
Asian rice prices are rising, and Iraq is asking to buy Thai rice
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2022-03-12 05:10
Shafaq News/ Prices of rice exported from the most important Asian centers jumped amid strong demand, while traders also indicated the rise in shipping costs due to the Ukraine crisis.
Broken rice prices rose 5% in Thailand from $415 to $428 a ton, on average and the peak since late June, from $403 to $403 a week ago.
Dealers in Bangkok said that with corn and wheat prices soaring, animal feed makers were looking to use more broken rice, driving up prices across the board.
A Thai rice dealer said that he had recently received interest from buyers in Iraq, who had returned to import Thai rice. We also received offers from Iran, Europe and the United States for different types of Thai white rice.
Thailand's Ministry of Commerce said it exported 459,752 tons of rice worth $234 million in January, up 8.92% over the same period last year.
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Broken rice prices rose 5% in Thailand from $415 to $428 a ton, on average and the peak since late June, from $403 to $403 a week ago.
Dealers in Bangkok said that with corn and wheat prices soaring, animal feed makers were looking to use more broken rice, driving up prices across the board.
A Thai rice dealer said that he had recently received interest from buyers in Iraq, who had returned to import Thai rice. We also received offers from Iran, Europe and the United States for different types of Thai white rice.
Thailand's Ministry of Commerce said it exported 459,752 tons of rice worth $234 million in January, up 8.92% over the same period last year.
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