32.4 C
Bangkok
Wednesday, May 1, 2024

Rice prices at 3-year high after Indian ban

Thai benchmark up 7% from two weeks ago as concerns about impact grow

Labourers unload sacks of rice from a ship along a jetty in Yangon on June 28. (Photo: AFP)

Rice prices in Asia jumped to the highest level in more than three years after top shipper India banned most of its exports, raising concerns about supplies of the food staple.

Thai 5% broken white rice, an Asian benchmark, soared to $572 a tonne, the most expensive since April 2020, according to data from the Thai Rice Exporters Association. That’s a 7% increase from two weeks ago. 

Rice is vital to the diets…

Read more…

Latest Articles