Asian physical rice export prices were steady to lower Wednesday from Friday amid thin trade, with Thai offers being driven down slightly by a weaker baht, exporters said.
"The baht is weaker so Thai prices are coming down," one Bangkok-based exporter said.
Despite softer prices, buyers remained elusive as Thai prices are still high, exporters said.
Meanwhile, Thai suppliers are busy gathering supplies to fulfill outstanding contracts, they said.
"Demand in the local market is quite strong because we have a lot of outstanding contracts. This is why local prices haven't changed," a second exporter said.
Thai 100% grade B was offered slightly lower Wednesday at $338-$339/ton, FOB, Bangkok, and 5% broken at $325-$330/ton. Parboiled 100% sortexed was offered unchanged at $333-$342/ton.
In Vietnam, prices were unchanged Wednesday on firm demand in the local market even as the government has imposed a ban on new export contracts.
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