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Vietnam cuts rice export floor prices

Published Updated

basmati_riceHANOI: Vietnam has lowered the export price floor for 25 percent broken rice to $420 a tonne from $455 a tonne from Wednesday, in a move to boost exports, traders said.

Exporters will determine their own prices for the 5 percent and 10 percent broken varieties, based on the price floor for the 25 percent broken grain, traders from different companies said, quoting the Vietnam Food Association's decision.

Copyright Reuters, 2012

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