Bloomberg News

Thai Rice Price Gains 1.3% to $627 a Ton, Exporter Group Says

September 28, 2011

Sept. 28 (Bloomberg) -- Thai rice prices, the benchmark for Asia, rose 1.3 percent, close to the highest level since December 2009, as the government’s plan to start grain purchases next month boosted domestic prices, according to the Thai Rice Exporters Association.

The price of 100 percent grade-B white rice climbed to $627 a metric ton, from $619 a ton on Sept. 21, said Pisanu Sangyoo, an official at the association. The price rose to $629 a ton on Sept. 7, the highest level since December 2009.

The price of 25 percent broken rice increased to $559 a ton, from $554 a week earlier, he said. The exporters’ association holds a meeting every week to set prices.

To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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