Meeting set to gauge droughtA shopper browses rice products at a hypermarket. "The price of bagged rice remains normal, despite recent news about a rise in rice prices following India's ban on exporting non-basmati white rice and the drought reducing production," he said. He said overall domestic rice prices are rising, though the department believes it will not significantly affect the price of bagged rice. The free-on-board export price of 5% white rice is now US$600 per tonne, the same price as Vietnamese rice. However, the situation may improve once there is clarity on India's policy regarding the opening of export channels, said Mr Chookiat.

Source: Bangkok Post August 07, 2023 08:19 UTC