Rice Rally Seen Cooling by Vietnam as Thailand to India Sell
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The advance in rice prices is set to cool as India and Thailand increase sales from stockpiles, boosting global supplies, according to the Deputy Trade Minister of Vietnam, the world’s third-largest exporter.
Expanding harvests in other major producers will also keep prices stable, Tran Tuan Anh said in an interview in Hanoi on July 29. Prices climbed 5.9 percent this month and reached the highest since March as Thailand’s military junta halted sales to inspect grain stockpiled under a state purchase program.