Export prices for rice from top exporter India continued decline on weak demand.
India's 5 per cent broken parboiled variety was quoted around $377-$380 per tonne, down from last week's $387-$390.
Demand from African buyers was weak as they have ample inventories. Aggressive selling of old inventories by China at lower prices has also weighed on prices, trade sources said.
The country’s rice exports for April-February dropped 9.4 per cent from a year earlier to 10.57 million tonnes, as leading buyer Bangladesh trimmed its purchases due to a bumper local harvest, a government body said.