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Thai rice shipment headed to Brazil as domestic prices turn uncompetitive

November 16, 2023 Comments Off

At least one 30,000 mt shipment of Thai white rice is headed to Brazil, a highly unusual trade rooted in a loss of competitiveness of Brazilian domestic supply after months of near-unbroken price rises. The shipment, confirmed by the international trader behind it, is 100% Grade B quality, one of the more expensive types available from Thailand and will depart…