Thai rice export prices fell this week on subdued demand and a slide in the domestic baht currency.
Thailand’s 5% broken rice prices fell to US$430-440 per ton from $450-460 last week.
A Bangkok-based trader said prices dropped because the baht was weaker and will fluctuate along with the exchange rate as demand drops.
The baht hit a more than five-year trough last week, translating into weaker export prices in U.S. dollar terms.
Another trader said supply remains ample with new crops expected late next month. (NNT)
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