Philippines demand drive the Thailand rice price up.

In Thailand, benchmark 5 percent broken rice rates climbed to $408-$410 per ton, free on board (FOB) Bangkok, from $395-$400 last week, amid a stronger baht and hopes of a prospective deal with the Philippines. Speculation is rife that the Philippines will hold an auction later this month to import 250,000 tons and many Thai exporters are interested in this deal.