India's Rice export prices fall on weak demand
Commodity Online | April 12 2019
UPDATED 10:06:19 IST

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India Rice export prices decline on weak demand

Rice export prices in top exporter India edged lower this week due to sluggish demand.

India’s 5 percent broken parboiled variety was quoted around $387-$390 per tonne this week, down from last week’s $390-$393.

“Demand is very poor at current price level. The appreciation in the rupee has limited scope to cut prices,” industry sources said.

India’s rice exports for April-February fell 9.4 percent from a year earlier to 10.57 million tonnes, as major buyer Bangladesh trimmed its purchases due to a bumper local harvest, a government body said.


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