Will the price of rice come down in the U.S.?? Trickle effect??

[theking]

Asia Rice: Vietnam struggles to find new buyers as Chinese demand dwindles



Export prices of rice from Vietnam fell this week as the country struggled to find new buyers amid waning demand from China, while a drought continued to squeeze supply in Thailand and a weak rupee weighed on rates for the Indian variety.

Prices for Vietnam's 5% broken rice fell to $335-$345 a tonne on Thursday from $340-$350 last week.

"Vietnam is struggling to find new markets to compensate for the sharp decline in shipments to China," a trader based in Ho Chi Minh City said.

Exports to China in the first seven months of this year fell 65.7% from the corresponding period last year, to 318,100 tonnes, Vietnamese customs data showed.

[nightrider]

It really depends if any businesses here would want to strike a deal with Vietnam. If that happens, we can expect to see the price going down in a way but I doubt that will happen as with any large trading transactions usually entails some sort of agreement or contract.