Myanmar 5% white rice price hits near 2-year high on tight supply

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Myanmar's 5% white rice price reached its highest point in nearly two years due to tight supply at the season's end and steady demand from the Philippines, according to data from Platts. The price was assessed at $505 per metric ton FOB FCL.

Myanmar’s 5% white rice price rose to its highest level in nearly two years on Aug. 14, driven by tight supply toward the end of the season and steady demand from the Philippines, data from Platts, part of S&P Global Energy, showed. Platts assessed Myanmar 5% broken white rice at $505/metric ton FOB FCL on ...