Benchmark Thai rice falls

29 May, 2008

The price of Thailand's benchmark 100 percent B grade white rice has fallen about 13 percent since last week due to weak demand and a perception of looming supply increases, traders and exporters said on Wednesday. The benchmark grade was quoted at $900-$930 per tonne, down about 13 percent from $1,030-$1,050 a tonne last week, exporters said.

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