Domestic and export prices of white rice further declined by 1-2 percent as the Government continued to release intervention stocks, including 463,128 tons of 5% grade white rice and the retender of 100,107 tons of fragrant rice.
Meanwhile, current export demand for white rice remains quiet as foreign buyers are sourcing Vietnamese rice which is over $100/MT cheaper. Thai rice exports are presently dominated by parboiled rice and broken rice, accounting for 45 percent and 10 percent of total white rice exports, up significantly from 32 percent and 5 percent, respectively in the previous year.
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