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Thai Rice Price Gains 1.4% to $563 a Ton, Exporter Group Says

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July 20 (Bloomberg) -- Thai rice prices, the benchmark for Asia, rose 1.4 percent on continued optimism the incoming government will buy the grain at above-market rates, according to the Thai Rice Exporters Association.

The price of 100 percent grade-B white rice rose to $563 a metric ton, according to the association’s website. The price of 25 percent broken rice rose to $502 a ton from $495 a week earlier, it said.

The association holds a meeting every week to set prices.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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