Prices drop in major exporters on weak demand
A farmer spreads fertilizer in his rice field on the outskirts of Ahmedabad, India, August 30, 2016. REUTERS/Amit Dave/Files
Bangkok (Reuters) - Rice prices dropped this week in Thailand, Vietnam and India due to weak demand for the staple, traders said on Thursday.
Thai benchmark 5-percent broken rice was quoted at $370-$375 a tonne, free-on-board (FOB) Bangkok, down from $375-$377 a tonne last week.
The fall in prices can be attributed to the release of new crops.
“Export market demand is