SINGAPORE (Dow Jones)--Asia's rice prices have mostly declined in the past few days as shipments of a few hundred thousand metric tons to the Ivory Coast have been diverted due to civil unrest in the African country.
Prices will likely be subdued next week due to sluggish demand, trade participants said.
Many traders were on the sidelines this week due to a national holiday in Thailand, but price offers are already lower and the weak sentiment may continue into next week, said a Singapore-based exporter.
Courtesy: The Wall Street Journal
15th April 2011