Bangkok (VNA) - The export prices of Thai rice have risen to the highest level since June 2022 thanks to an increase in shipments and a stronger Thai baht.
Thailand's 5% broken rice prices were quoted at 452-460 USD per tonne, up from a 425-457 USD range last week, foreign media reported.
There is more demand from Asian countries now, while African countries are more interested in rice from India, according to insiders.
There is news that supply could soon tighten so exporters are buying to stock up, they said.
Top exporter India's 5% broken parboiled variety edged higher to 374-380 USD per tonne, from last week's 373-378 USD, on a slight improvement in demand, although rising supplies from the new season crop capped the upside.
Vietnam's 5% broken rice was offered at 448-453 USD per tonne, unchanged from a week ago, when rates reached their highest level since July last year.
Demand for Vietnamese rice remains steady, especially from the top buyer, the Philippines, said a trader based in Ho Chi Minh City.
Preliminary shipping data showed 167,650 tonnes of rice is to be loaded at Ho Chi Minh City port in the December 1-28 period, with most of it heading to the Philippines and Indonesia./.
The China-Laos Railway has enhanced connectivity between China and Southeast Asian countries, with Thailand hoping to export more agricultural products to China through the rail route.
Thailand's rice exports are expected to reach 600,000 to 650,000 tonnes in May on pending delivery contracts, following higher rice demand and the weakening baht.
Thailand plans to export 7.5 million tonnes of rice this year, up from a previous target of 7 million tonnes, thanks to increased output and a weak baht amid global food insecurity.
Thailand is on course to overtake Vietnam as the world’s second biggest rice exporter this year, according to the Thai Rice Exporters Association (TREA).
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
