Thai Rice Price Drops 0.2% From 8-Month High on Weakening Baht
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Thai rice prices, the benchmark for Asia, declined 0.2 percent, the first drop in four weeks, as a weaker local currency made the grain cheaper for overseas buyers, according to the Thai Rice Exporters Association.
The price of 100 percent grade-B white rice dropped to $551 a metric ton from $552 the previous week, said Pisanu Sangyoo, an official at the association. The price of 25 percent broken rice fell to $480 a ton from $481, Pisanu said.