Thailand's rice prices have surged to a near four-month high due to flooding in production areas and news of sales to China, coupled with a stronger baht. On the other hand, India's rice prices have experienced a dip due to sluggish demand and a weaker rupee.

Thailand

The price of Thailand's 5% broken rice reached $370 per metric tonne, marking the highest level since July 31, an increase of $30 from the previous week. A Bangkok-based trader attributed this surge to flood-related damage in some production areas. Demand remained quiet, according to the trader. The appreciation of the baht and news of sales to China further contributed to the price increase. Millers have slowed down sales, while exporters with existing orders are still in the market to purchase for shipment. According to the trader, the current situation is favorable for farmers, even though some areas have experienced crop damage due to flooding.

India

India's 5% broken parboiled variety was priced at $348-$356 per ton, a decrease from $352-$360 the previous week. The 5% broken white rice was priced at $345 to $350 per ton this week. According to a Mumbai-based exporter, the rice market is currently very competitive, and the weaker rupee is enabling Indian exporters to lower their prices. The Indian rupee traded near a record low against the dollar this week, increasing traders' returns from overseas sales.

Vietnam

Vietnam's 5% broken rice was offered at $359–$363 per metric ton on Thursday, up from $350–$355 last week, according to the Vietnam Food Association. Prices have edged higher after touching an over five-year low the previous week. A trader based in Ho Chi Minh City stated that some exporters have started to divert to African markets like Ghana or Ivory Coast due to weak demand from traditional Asian markets.