Vietnam, Thai rice prices hit near two-year highs as India slips
Bullish strength: 70/100
- Vietnamese rice prices reached their highest levels since December 2024.
- Thai rice prices reached their highest levels since January 2025.
- Philippine purchasing activity is supporting demand for Vietnamese and Thai rice.
- Flooding and El Niño concerns could constrain regional rice supplies.
- Vietnam's October rice exports increased 37.2% year over year.
Bearish strength: 30/100
- Indian parboiled rice prices declined to their lowest level since October 8.
- New-season Indian paddy arrivals are improving domestic supply.
- Improved Indian availability is helping meet export demand.
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