Thursday, August 18, 2011

Thailand Sees Higher Demand for Rice as Vietnam Sellers Cancel Deals

Demand for Thai rice has picked up as Vietnamese rice exporters cancel deals or force buyers to renegotiate contracts in the light of higher export prices, trading executives said.

The cancellations could lead to additional demand for Thai rice to the tune of about 100,000 metric tons (110,000 short tons) in the near term, said Chookiat Ophaswongse, managing director of major Thai exporter Huay Chuan Rice Co.

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