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

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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.




 

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