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International rice prices hit 6-year high as Thailand and Vietnam face drought and Covid-19

International rice prices hit 6-year high as Thailand and Vietnam face drought and Covid-19

15:38 | 31/03/2020

Thailand facing record drought stoked concerns of a supply shortage and lifted rice export prices to a more than 6-1/2 year high this week, while strong domestic demand amid a coronavirus outbreak pushed Vietnamese rates to more than a one-year peak. These reasons from two key rice exporters Thailand and Vietnam cause the international prices of rice surged suddenly.

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