India’s rice prices remained unchanged, with the 5% broken parboiled variety quoted at $355–$360 per ton, and the 5% broken white rice at $350–$355 per ton compared with the previous week.
Vietnam’s rice export prices were also unchanged, with 5% broken rice offered at $360–$365 per ton, as traders scaled back activity due to weak external demand. In contrast, Thai rice rates fell to a five-week low, with the 5% broken variety quoted at around $385 per ton, as buyers stayed cautious amid muted buying interest.
Exporters and traders across Asian markets report softening demand from traditional buyers, with high price levels cited as a key deterrent for new contracts. A Kolkata-based exporter noted that buyers are seeking lower prices, but sellers are constrained by current cost levels. Vietnamese traders also pointed to hesitancy in placing orders due to weak external demand, which has limited trading volumes during the week.
Market observers suggest that demand may remain subdued in the near term, especially as key importing countries delay purchases in hopes of price corrections. Ongoing supply from major producers like India and Vietnam could keep pressure on export prices, particularly if global buying appetite does not strengthen.
