Oct. 5 (Bloomberg) -- Thai rice prices, the benchmark for Asia, declined 1.9 percent as overseas demand weakened, according to the Thai Rice Exporters Association.
The price of 100 percent grade-B white rice dropped to $615 a metric ton, from $627 a ton on Sept. 28, said Pisanu Sangyoo, an official at the association. The price climbed to $629 a ton on Sept. 7, the highest level since December 2009, on expectation the government will buy unmilled rice from farmers at above market rates.
The price of 25 percent broken rice fell to $551 a ton, from $559 a week earlier, he said.
The exporters’ association holds a meeting every week to set prices.
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