India Rice export prices continue decline on weak demand
Commodity Online | May 17 2019
UPDATED 10:17:16 IST

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Rice export prices in top exporter India declined this week to their lowest in nearly seven months as demand continued to stagnate.

India's 5 percent broken parboiled variety was quoted around $362-$365 a tonne this week, down from last week's $371-$374 for a sixth weekly decline, Reuters reported.

Weak demand from the West African market, Aggressive selling of old inventories by China to African buyers and depreciation in the rupee are weighing on prices, export sources said.