ANL 12.54 Decreased By ▼ -1.01 (-7.45%)
ASC 12.70 Decreased By ▼ -0.62 (-4.65%)
ASL 13.46 Decreased By ▼ -0.56 (-3.99%)
BOP 8.38 Increased By ▲ 0.02 (0.24%)
BYCO 5.96 Decreased By ▼ -0.18 (-2.93%)
FCCL 17.08 Decreased By ▼ -0.53 (-3.01%)
FFBL 24.05 Decreased By ▼ -0.85 (-3.41%)
FFL 9.97 Decreased By ▼ -0.28 (-2.73%)
FNEL 9.25 Decreased By ▼ -0.55 (-5.61%)
GGGL 14.00 Decreased By ▼ -1.30 (-8.5%)
GGL 27.05 Decreased By ▼ -2.45 (-8.31%)
HUMNL 5.73 Decreased By ▼ -0.17 (-2.88%)
JSCL 15.00 Decreased By ▼ -1.00 (-6.25%)
KAPCO 31.60 Decreased By ▼ -0.45 (-1.4%)
KEL 3.22 Increased By ▲ 0.05 (1.58%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 32.75 Decreased By ▼ -1.64 (-4.77%)
NETSOL 90.21 Decreased By ▼ -5.29 (-5.54%)
PACE 4.10 Decreased By ▼ -0.15 (-3.53%)
PAEL 20.51 Decreased By ▼ -0.92 (-4.29%)
PIBTL 7.25 Decreased By ▼ -0.35 (-4.61%)
POWER 6.39 Decreased By ▼ -0.21 (-3.18%)
PRL 11.95 Decreased By ▼ -0.74 (-5.83%)
PTC 8.80 Increased By ▲ 0.05 (0.57%)
SILK 1.17 Decreased By ▼ -0.08 (-6.4%)
SNGP 37.70 Decreased By ▼ -0.98 (-2.53%)
TELE 14.85 Decreased By ▼ -1.03 (-6.49%)
TRG 77.68 Decreased By ▼ -4.05 (-4.96%)
UNITY 22.90 Decreased By ▼ -0.80 (-3.38%)
WTL 2.03 Decreased By ▼ -0.02 (-0.98%)
BR100 4,381 Decreased By ▼ -20.35 (-0.46%)
BR30 16,863 Decreased By ▼ -630.48 (-3.6%)
KSE100 43,233 Decreased By ▼ -1.32 (-0%)
KSE30 16,718 Increased By ▲ 20.28 (0.12%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,767
624hr
Pakistan Cases
1,286,825
37224hr
0.82% positivity
Sindh
476,674
Punjab
443,453
Balochistan
33,506
Islamabad
107,887
KPK
180,316

BANGKOK/DHAKA/MUMBAI: Vietnamese rice export prices rose this week from their lowest levels in more than a year as demand picked up after the government topped up its reserves and buyers held off on importing from India in the hope that surging shipping costs would ease.

Vietnam’s 5% broken rice rose to $400 per tonne from $385 two weeks earlier. The market was closed last week for the National Day holiday.

“The summer-autumn harvest is about to end, while domestic demand begins to pick up,” a trader based in Ho Chi Minh City said.

“The government is also buying rice to top up the national reserves after it handed rice to residents affected by the lockdown,” the trader said.

Traders said the government has made efforts to facilitate the transport of rice in southern Vietnam following weeks of strict coronavirus curbs on movement.

Elsewhere, top exporter India’s 5% broken parboiled variety was unchanged this week at $358 to $363 per tonne.

“Buyers need to replenish stocks but are delaying purchases as they think current elevated freight rates could fall after some time,” said an exporter based at Kakinada in the southern Indian state of Andhra Pradesh.

In neighbouring Bangladesh, domestic rice prices dropped slightly after the government allowed private importers to import around 1.7 million tonnes.

“Apart from private imports, rice is also being imported through international tenders. We are very hopeful that the prices will go down further in the coming days,” Mosammat Nazmanara Khanum, secretary at the food ministry, told Reuters. “Traders are mostly buying rice from India through land ports,” a Dhaka-based trader said.

Elsewhere rates for Thailand’s 5% broken rice were little changed from the prior week at $380-$402 per tonne.

Bangkok-based traders said demand was quiet and a scarcity of ships arriving at Thai ports remained a challenge.

“Higher freight costs could drive buyers towards Vietnamese rice,” one trader said.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.