Vietnam fragrant rice price fall to one-month low on weak Philippine demand

Vietnam’s fragrant rice prices fell to their lowest level in a month as demand from the Philippines weakened, reversing a two-month rally, multiple sources told Platts on May 28. With the summer-autumn harvest expected to add fresh supply in the coming weeks, the combination of softer demand and increased availability could put further pressure on prices, according to market participants. PlattsVietnam’s fragrant rice prices fell to their lowest level in a month as demand from the Philippines weakened, reversing a two-month rally, multiple sources told Platts on May 28. With the summer-autumn harvest expected to add fresh supply in the coming weeks, the combination of softer demand and increased availability could put further pressure on prices, according to market participants. PlattsRead More