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2026-07-16 19:50:13
[Indian Rice Export Prices Rise for Third Consecutive Week, Impacted by Weak Monsoon Rains and Floods] ⑴ The export price of 5% broken parboiled rice from India rose to $352-$357 per ton this week, marking the third consecutive week of increases from $348-$352 last week. This was mainly due to the government raising the floor price of its open market sales program and the impact of weak monsoon rainfall on planting progress. ⑵ As of July 10, India's summer rice planting area was only 11.5 million hectares, lower than the 12.6 million hectares in the same period last year. The market had originally expected a reduction in the floor price of reserve grain, but the official increase directly pushed up spot market prices. ⑶ Floods in Bangladesh have damaged at least 28,600 hectares of crops, with rice and seedbeds being the most severely affected. Agricultural officials stated that this is a preliminary assessment, and the full extent of the damage will only be clear after the floods recede. (4) Prices for Thai 5% broken white rice slightly decreased to US$445-450 per ton. The Philippines' suspension of imports of the same grade of rice further suppressed demand, but the gradual entry of dry-season rice into the market is slowly increasing supply. (5) Prices for Vietnamese 5% broken rice remained stable at US$445-450 per ton. Traders in Ho Chi Minh City reported sluggish purchasing activity, with buyers awaiting ample supply from the peak summer and autumn rice harvest at the end of this month to August. (6) The potential impact of El Niño on second-half production remains a core concern for Thai traders, and weather risk premiums may be reintroduced into the Asian rice pricing system at any time.
