Analysis of long grain rice market

Thailand. Given government's support scheme aimed at purchasing paddy from growers at 14.000 Bath, milled rice could have a floor at $700, the corresponding price for milled rice.

India. Predictions for coming harvests are good, so there are chances the export ban might be lifetd.

Vietnam. Official minimum export price has been cut by 2.5 percent to $780 per tonne due to slow export demand. Privately, traders say prices are already lower than this.