Thai rice prices skyrocket! Taking advantage of India’s export brakes

The Thai Rice Exporters Association revealed that the price of Thai rice in one month skyrocketed. After India suspended exports Thai Hom Mali rice rose to $ 145 per ton, followed by 5% white rice, rising $ 100 per ton. Looking at the fluctuating prices in the second half of the year On the commercial side, prepare to discuss with the Ministry of Agriculture. Dealing with El Niño

News reports from the Thai Rice Exporters Association stated that Thai export rice prices tended to increase over the past month after India suspended rice exports. The details are as follows.

  1. Thai Fragrant Rice, the price on August 9, 2023, at $806 per tonne, an increase from July 12, 2023 at the price of $661 per tonne, or an increase of $145 per tonne.
  2. Rice 100% Class 2, price on August 9, 2023, $ 664 per ton, an increase from July 12, 2023, with a price of $ 549 per ton, or an increase of $ 115 per ton.
  3. Rice 5%, price on August 9, 2023, 648 US dollars per ton, an increase from July 12, 2023 with a price of 534 US dollars per ton,
    or an increase of 114 US dollars per ton.
  4. Rice 25%, price on August 9, 2023, $ 612 per ton, an increase from July 12, 2023, with a price of $ 512 per ton, or an increase of $ 100 per ton.
  5. Thai Hom Mali rice (production year 2022/23), special type, price on August 9, 2023 at 953 USD per ton, increased from July 12, 2023 at the price of 925 USD per ton, or increased by 28 USD per ton
  6. Thai Hom Mali rice (production year 2021/22), special type, price on August 9, 2023 at $ 1,056 per ton, down from July 12, 2023 at the price of $ 1,059 per ton, or decreased by 3 USD per ton

    Reference from
    https://www.nationtv.tv/economy-business/378926747