Paddy| Asian rice prices are likely to fall over the next few weeks as

September 4, 2014 10:11 AM | Skymet Weather Team

Asian rice prices are likely to fall over the next few weeks as Thailand and Vietnam compete for demand from Philippines and Indonesia, traders said. Traders expect the Philippines to ask for 500,000 tonnes of rice via a tender or a government-to-government deal after Manila rejected all bids in an August 27 tender due to high prices.

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