WRAPUP 1-Thai rice drops; Vietnam cuts export floor price

* Thai prices drop 3 percent, down 30 percent from April peak

* Vietnam cuts minimum export price on large crop

* Buyers waiting for more supply to push prices even lower (For a list of rice stories, click on [ID:nRICELOOK])

By Apornrath Phoonphongphiphat

BANGKOK, June 25 (Reuters) - Vietnam lowered the minimum export price for rice on Wednesday and the Thai market dropped another 3 percent, signalling improving supplies in coming months and easing concerns about shortages of Asia's staple food.

A lifting of export bans by Vietnam and Cambodia are expected to give private importers and governments who had scrambled to secure supplies in recent months some breathing space and help cap food-driven inflation.

"Buyers are waiting to see the bottom level for rice prices in July when supply from the two countries peaks," a Thai exporter said, referring to supplies from Thailand and Vietnam.

The price of Thai 100 percent B grade white rice RI-THWHB-P1, the world's benchmark, eased to $770 per tonne from last week's $795 per tonne.

It is now nearly 30 percent lower than a record high quote of $1,080 per tonne on April 24 that was spurred by fears of supply shortages following export curbs by producer nations India, Vietnam and Cambodia starting late last year.