BANGKOK (Commodity Online): India's rice exporters to gain more form weaker rupee and Thai rice dip due to floods.
The exports of rice from Thailand is expected to fall by more than 30% to about 7 million tons due to crop damage caused by the recent floods.
Moreover, the weakening of the Indian rupee against the dollar will earn more money to the exporters in India.
Thailand had raised the MEP of rice to make available more produce to the country people.
Even though the imports from India at present is costly, but it is less than Thailand price. Currently, Indian par-boiled rice costs about $150 per ton, which is less than Thailand.
Thailand, which has been the world’s leading rice exporter for the past four decades, shipped 11 million tons of the grain in 2010.
