Vietnam's 5-pct broken rice up 6.5 pct at $460/T
Wednesday, July 23,2014
AsemconnectVietnam - Vietnam's 5-percent broken rice rose more than 6 percent in the past week to $445-$460 a tonne, the highest in 21 months, due to loading demand for shipments to the Philippines and
Malaysia and strong sales to China, traders said on Wednesday.
The 25-percent broken rice grade also jumped, to $400-$420 a tonne, free-on-board basis, from $380-$390 a week ago, traders said. RICE/ASIA1
The 5-percent broken grain being quoted at $460 a tonne is the highest since Oct. 30, 2012, when the variety stood at $455-$460 a tonne, based on Reuters data.
Rising rice prices at home may cause Vietnam, the world's second-biggest exporter of the grain, to lose out in the Philippines' upcoming tender for an additional 500,000 tonnes, traders said.
Source: Reuters
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