last release: 7 March 2024
International Prices
Rice
International rice prices eased in February amid generally slow activity and as new crop arrivals weighed in some markets, albeit as quotations remained markedly higher year-on-year. While trade was curtailed by Lunar New Year holidays, Vietnamese values declined as threshing of the main (winter-spring) harvest got underway, albeit with losses pared by fresh demand from Indonesia. Thai white and parboiled values also retreated amid muted demand in the run up to off-season crop arrivals, but Indian parboiled offers advanced on an uptick in purchasing from West Africa. Elsewhere, South American values fell on seasonally rising supplies.