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Thailand’s rice export prices hit a nearly nine-year low last week due to weak demand, while Indian rice prices remained steady after touching a three-year low the previous week.
Thai 5% broken rice was quoted at $350 per ton, the lowest since November 2016, down from $360 per ton the week before. Traders attributed the price drop to ample market supply and weak demand.
A Bangkok-based trader noted that Thailand’s relatively high rice prices compared to competitors have deterred buyers. Thai exporters can only sell to regular buyers, while others opt for cheaper alternatives from competitors like India and Vietnam.
Indian 5% broken parboiled rice was quoted at $354-$362 per ton this week, unchanged from the previous week when it hit a three-year low. Indian 5% broken white rice was priced at $369-$375 per ton.
A Mumbai-based trader mentioned that the price decline has led buyers to delay purchases, hoping for further reductions. Official data released earlier this week showed India’s rice stocks in government warehouses rose over 14% year-on-year to a record high in early September 2025.
According to the Vietnam Food Association, Vietnamese 5% broken rice was quoted at $440-$465 per ton on September 25, up from $450-$455 per ton a week earlier.
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