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Agricultural market: Thai rice export prices fluctuate around 9-year low

Thai rice export prices continued to fall this week and hovered around a nine-year low, due to ample supplies and weak demand, while Indian rates edged up from a three-year low, helped by slightly improving demand.

Báo Tin TứcBáo Tin Tức04/10/2025

Photo caption
Rice is displayed for sale at a store in Narathiwat, Thailand. Photo: AFP/TTXVN

Asian rice market

Thailand's 5% broken rice was quoted at $345 a tonne on October 2, the lowest since November 2016, down from $350 a tonne last week.

Traders attributed the price decline to flat demand. One Bangkok-based trader said orders for Thai rice were mostly small quantities and from regular buyers. Another trader said supplies were plentiful due to the ongoing harvest.

Thailand is keeping its export target at 7.5 million tonnes this year, a Commerce Ministry official said earlier this week.

Meanwhile, India’s 5% broken parboiled rice was quoted at $358-$365 a tonne this week, up from $354-$362 a tonne last week. India’s 5% broken white rice was quoted at $369-$375 a tonne. Prices had fallen to a three-year low around mid-September 2025 due to weak export demand and increased supplies.

A trader in New Delhi said demand was somewhat better than last week, as buyers appeared to realize prices had bottomed out and were unlikely to fall further.

Vietnam's 5% broken rice was offered at $440-$465 per ton on October 2, unchanged from a week ago, according to the Vietnam Food Association.

Trading activity remains slow due to weak global demand, according to a trader in Ho Chi Minh City.

Traders said rice prices were being adversely affected after the Philippines, one of the largest rice importers, decided to extend its ban on rice imports for another 60 days.

US agricultural market

Photo caption
Soybeans after being harvested from a farm near Scribner, Nebraska, USA. Photo: AFP/TTXVN

U.S. soybean futures ended lower on Tuesday, as the fast-moving U.S. harvest offset early support from hopes that upcoming U.S.-China talks could revive stalled trade.

Soybeans for November 2025 delivery on the Chicago Board of Trade rose as high as $10.28 a bushel before falling back to close down 5.75 cents at $10.18 a bushel. The contract rose 0.4% for the week, its first gain in three weeks.

Despite the late-week decline, soybean prices were still up nearly 25 cents a bushel from mid-week lows following comments by US President Donald Trump that soybeans would be a major topic of discussion at his meeting with Chinese President Xi Jinping in four weeks.

Meanwhile, US Treasury Secretary Scott Bessent on October 2 predicted a "pretty big breakthrough" after negotiations between the US President and the Chinese President, while also emphasizing that the US Government will support soybean farmers.

Soybean markets remain under pressure from lower-than-normal exports and expectations of a bumper U.S. harvest. Importers in China, the top U.S. market, have yet to buy soybeans from the country’s fall harvest.

Meanwhile, corn prices edged lower on the prospect of increased supplies from a potential bumper US crop, while wheat prices rose on technical buying and buying to cover an open short position.

Corn for December 2025 delivery fell 2.75 cents to $4.19 a bushel. Wheat for the same period rose 0.5 cent to $5.15 a bushel.

The U.S. corn harvest is also progressing quickly, thanks to warm, dry weather across the Midwest Corn Belt.

However, government data on harvest progress will not be released due to the US government shutdown. The impasse in government funding negotiations may also delay the release of a key supply and demand report on October 9.

(1 bushel of corn = 25.4 kg; 1 bushel of wheat, soybeans = 27.2 kg)

World coffee market

At the end of the trading session on October 3, Robusta coffee prices on the London floor increased by 176-205 USD/ton, equivalent to 1.45-4.74%, while Arabica coffee prices on the New York floor increased by 3.1-3.41%.

Photo caption
World coffee prices may rise to new heights. Photo: AFP/TTXVN

Robusta coffee prices for November 2025 delivery increased by 205 USD to 4,527 USD/ton, while Arabica coffee prices for December 2025 delivery increased by 280 USD to 8,610 USD/ton.

During the week, with 3 strong fluctuations at the end of the week, Robusta coffee prices increased by 326 USD/ton, equivalent to nearly 7.8%, while Arabica coffee prices increased by 258 USD/ton, equivalent to 3.1%.

In the domestic market, coffee prices on October 4 are forecast to increase again from the 115,400 VND/kg mark, expected to reach at least 118,500 VND/kg.

Domestic coffee prices have recently increased less when international floor prices increased, but have decreased more sharply when floor prices decreased, possibly due to seasonal pressure preventing stockpiling, and when concerns about a peak harvest make it difficult for coffee prices to maintain high levels.

Source: https://baotintuc.vn/thi-truong-tien-te/thi-truong-nong-san-gia-gao-xuat-khau-cua-thai-lan-dao-dong-quanh-muc-thap-nhat-trong-9-nam-20251004174511171.htm


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