Thai rice prices, the benchmark for Asia, rose 2.9 percent to the highest level in nine months because of increased year-end demand, the Thai Rice Exporters Association said.
The price of 100 percent grade-B white rice rose to $567 a metric ton from $551 the previous week, said Pisanu Sangyoo, an official at the association. The price of 25 percent broken rice increased to $489 a ton from $480, Pisanu said.
The nation s rice output may fall below its previous estimate as the worst floods in five decades devastated crops, supporting prices of Asia s staple food, Theera Wongsamut, Agriculture and Cooperatives minister said on Nov. 24.
