The monsoon has not been progressing well and could delay planting of summer-sown rice, said another exporter based at Kakinada in Andhra Pradesh. In Vietnam, the world's third-largest exporter of the grain, prices of 5 percent broken rice fell to $450-$455 a tonne this week after climbing to the highest since January 2012 at $465-$475 the week before. "Prices are expected to ease further in the coming weeks on rising domestic supplies, as the spring-summer harvest will peak late this month," a Ho Chi Minh City-based trader said. Vietnam exported 763,707 tonnes of rice in May, up 5.9 percent from April, according to the government's official customs data. Meanwhile, Thailand's benchmark 5 percent broken rice <RI-THBKN5-P1> was little changed between $430 and 435 per tonne this week, free on board (FOB) Bangkok, from $430-$432 last week. Traders in Bangkok said demand from abroad was still flat this week following sales to the Philippines earlier this month and last month. Slow logistics due to rain also meant slow trade, traders said. Thailand's rainy season starts in late May and lasts until mid-October. "It's been raining, so ships can't sail here to pick up orders. Now the warehouses are full, with trucks lining up outside waiting to offload more rice. It's all stuck, so the market is still," a trader said. (Reporting by Patpicha Tanakasempipat in Bangkok, Khanh Vu in Hanoi, Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka Editing by Edmund Blair) https://www.agriculture.com/markets/newswire/asia-rice-india-rates-nudge-up-vietnam-prices-easefrom-multi-year-highs JUNE 14, 2018 / 5:47 PM / A MONTH AGO
India rice rates nudge up, Vietnam prices ease from multi-year highs