Benchmark Thai rice falls 3 pct to $770 a tonne
BANGKOK, June 25 (Reuters) - The price of Thai 100 percent B grade white rice RI-THWHB-P1, the world's benchmark, fell three percent on Wednesday from the previous week due to thin demand, exporters said.
The median price quoted by Bangkok traders was $770 per tonne, down from last week's $795 per tonne, and nearly 30 percent lower than a record high of $1,080 per tonne on April 24.
"Buyers are holding their orders back as they expect prices to fall further next month due to increasing supply," one trader said. (Reporting by Apornrath Phoonphongphiphat; Editing by Ed Cropley
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