Asia Rice: Vietnam rates gain on fears Mekong water woes may hurt crops
Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country’s rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs.
In Vietnam, rates for 5 percent broken rice rose to $360-$370 a tonne on Thursday from $360 last week.
“Demand is higher and exporters are rushing to buy rice from farmers to fulfil the orders signed earlier this year,” a trader based in Ho Chi Minh City said.
