Myanmar 5% white rice price hits near 2-year high on tight supply
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 ...
Myanmar's 5% white rice price hit a near two-year high of $505 per metric ton FOB FCL on August 14, according to data from Platts, a division of S&P Global Energy. This surge in price comes as the supply of long-grain white rice dwindles towards the end of the season and demand from key buyers remains strong. The Philippines, a significant consumer of Myanmar rice, continued to place bids for 5% white rice despite the rising prices, with the country accounting for 74.3% of Myanmar's total rice exports in July.
Myanmar's rice exports for the marketing year 2026-27 are expected to decrease by 8.7% compared to the previous year, according to the US Department of Agriculture's Foreign Agricultural Service.
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