Rice prices in India fell due to ample supply and recent slide in the rupee, while the Thai and Vietnamese markets remained subdued in the first week of the new year, traders said on Wednesday. Rice prices in India fell due to ample supply and recent slide in the rupee, while the Thai and Vietnamese markets remained subdued in the first week of the new year, traders said on Wednesday. In India, the world's biggest rice exporter, 5-percent broken parboiled rice dropped $2 this week to $341 to $345 per tonne as a cash crunch in December prevented farmers from offloading a summer-sown crop, and as the rupee depreciated against the dollar. In November, the Indian government scrapped 500-rupee and 1,000-rupee bills to crack down on corruption. The move disrupted trading of farm commodities such as cotton, rice and soybean as most farmers prefer payments in cash. India's summer-sown rice output is seen at a record 93.88 million tonnes in the crop year to June 2017, 2.81 percent higher … [Read more...] about Rice prices fall in India on ample supply, weaker rupee; Thailand, Vietnam dull
Thailand vietnam holiday
Thailand, Vietnam’s rice dull amid year-end holidays
Rice markets in the world's biggest exporters of the grain saw barely any deals amid Christmas and New Year holidays, traders said on Wednesday. Rice markets in the world's biggest exporters of the grain saw barely any deals amid Christmas and New Year holidays, traders said on Wednesday. Prices in Vietnam, the world's third-biggest rice exporter, were little changed from last week, with Vietnam quoting 5-percent broken rice RI-VNBKN5-P1 at $335-$345 a tonne, FOB basis, compared with $335-$350 a week earlier. "Market is just quiet during this Christmas and New Year holiday; there's only a few traders selling domestically as they have some stockpile left, but no exports," said a Ho Chi Minh City-based trader. "There's some private contracts with the Philippines about to be shipped and there's barely any order from China," said another trader in Vietnam. Vietnam is estimated to ship 4.88 million tonnes of rice in 2016, down 25.8 percent from a year earlier, the agriculture ministry … [Read more...] about Thailand, Vietnam’s rice dull amid year-end holidays
Thailand, Vietnam markets quiet ahead of Christmas, New Year
Rice export prices in Vietnam widened this week while prices in Thailand were flat in a quiet market ahead of Christmas and New Year holidays, traders said on Wednesday. Rice export prices in Vietnam widened this week while prices in Thailand were flat in a quiet market ahead of Christmas and New Year holidays, traders said on Wednesday. Prices of Vietnam's 5-percent broken rice RI-VNBKN5-P1 widened to $335-$350 a tonne, FOB basis, from $338-$340 a week earlier. "The market is quiet and we have not seen any moves from Philippine firms, which have been given quota to import rice," said an exporter based in Ho Chi Minh city. The Philippines' state grains agency approved permits for local rice traders to import 294,020 tonnes of the staple from Vietnam and 347,060 tonnes from Thailand, Pakistan and India. "There are no buyers due to New Year holidays," said another trader. Vietnam's rice exports are forecast to rebound to 7.1 million tonnes in 2017, after sales were seen dropping … [Read more...] about Thailand, Vietnam markets quiet ahead of Christmas, New Year
Thailand, Vietnam blaze tourism trail
Vietnamese and Thai tourism authorities have launched an advertising campaign in Vietnam to promote travel between the two nations. It is expected that this will eventually lead to an exchange of a total of one million visitors a year between the two countries. Tided the Thailand Road Show 2007, the new campaign highlights what is described as amazing opportunities for travel in the Buddhist kingdom. … [Read more...] about Thailand, Vietnam blaze tourism trail
Thai no frills carrier looks for clearance in Vietnam market
Discount carrier Nok Air is preparing to join the fray on Thailand-Vietnam air routes where traffic is being spurred by fast-growing business and tourist travel, the Bangkok Post reported. Nok Air chief executive Patee Sarasin recently visited Vietnam, where Prime Minister Nguyen Tan Dung appeared to be receptive to the airline's request for traffic rights to serve Hanoi and Ho Chi Minh City from Bangkok. Vietnam has yet to adopt an open-skies policy and only grants traffic rights to foreign carriers on a case-by-case basis. … [Read more...] about Thai no frills carrier looks for clearance in Vietnam market