India Rice export price climbs on higher local prices
Commodity Online | January 11 2019
UPDATED 12:15:51 IST

USDA raises world Cotton production estimate to 125.5 million bales

Overall monsoon deficiency at 39%

Global Soybean output may fall 2% in 2019-20: USDA

India's Crude Oil production declines 6.91% in May

Sugar mills owe Rs 18,958 cr to Cane farmers; UP mills' outstanding at over Rs 11K cr

Rice export prices in India rose this week due to a rally in local rates, while Thai and Vietnam prices are expected to drop in the coming weeks with fresh supplies hitting the market.

India's 5 percent broken parboiled variety was quoted around $382-$387 per tonne this week, compared with $376-$383 last week.

Export prices in India had shot up earlier after Chhattisgarh, a leading Rice producing state in central India, raised the minimum paddy buying price.

Meanwhile, rates for Vietnam's 5 percent broken Rice stayed flat from last week at $370-$375 a tonne, and traders expect prices to fall in the coming weeks on rising supplies and weak demand.

In Thailand, benchmark 5-percent broken Rice prices narrowed to $390-$400 range, free on board Bangkok, from $380-$400 last week due to the baht's strength against the U.S. dollar.




 

Commodity Arrivals Rate
Mustard Oil 250 10500.00
Coconut Oil NR 19100.00
Arecanut 5 2400.00
Sugar 10.38 3900.00

More

×