BANGKOK, June 18 (Reuters) - The price of Thai 100 percent B grade white rice RI-THWHB-P1 fell 3 percent on Wednesday from last week, a further decline from April’s record highs, exporters said.
The median price quoted by Bangkok traders was $795 per tonne, down from last week’s $820 per tonne, due to thin demand.
At its peak on April 24, the benchmark grade from the world’s biggest exporter was quoted at $1,080 per tonne.
“The market was very quiet. Most buyers are waiting for lower prices in July when Vietnam is expected to lift its ban on rice exports,” one trader said. (Reporting by Apornrath Phoonphongphiphat; Editing by Darren Schuettler)