Thai 5% WR rice prices hit 16-month high on tight supplies, El Niño concerns

Thai 5% white rice prices rose to their highest level in over 16 months as millers held back supplies following the harvest and exporters rushed to cover short positions, with mounting concerns over El Niño’s potential impact on the next crop adding further upward pressure, several market sources told Platts May 25. Platts, part of S&P Global Energy, assessed the price of Thai 5% WR rice atThai 5% white rice prices rose to their highest level in over 16 months as millers held back supplies following the harvest and exporters rushed to cover short positions, with mounting concerns over El Niño’s potential impact on the next crop adding further upward pressure, several market sources told Platts May 25. Platts, part of S&P Global Energy, assessed the price of Thai 5% WR rice atRead More