| Indian rice price levels | India’s 5% broken white rice has been quoted around US$373‑$377/mt for FOB in mid‑June.Also, India’s WR 5% was assessed at US$376/mt FOB in another source (for a Malaysian tender) in April/May. | These are slightly below the $376 mark in the headline in some cases; also not always described as “highest in Asia.” The “soar” + “limited supply” framing is less supported in these cases. |
| Demand & competition | Several reports indicate improving demand for Indian rice, especially as Vietnam & Thailand face muted buying activity. Also, India’s “competitive pricing boosts exports to Malaysia” because Indian rice was cheaper than Thai, Pakistani, etc. Pakistan also is said to be adapting by focusing more on premium varieties rather than simply lowering price. | But nothing confirming strongly limited supply in India or that prices are at an all‑time Asian high above all competitors. In many reports, supply seems reasonable or abundant (e.g. record reserves in India) ‒ which is contrary to “limited supply.” |
| Thailand & Pakistan competition | Yes, competition is noted: Thai and Vietnamese rice prices have been under pressure. Pakistan is also mentioned: despite India’s aggressive pricing, Pakistan has maintained export volumes in some premium markets. | However, articles don’t assert that Thailand or Pakistan are currently able to match the $376/mt FOB price of Indian white rice and all the conditions implied (like limited supply + soaring prices). |
