India's Rice export prices rise slightly on strong Rupee
Commodity Online | May 24 2019
UPDATED 14:14:39 IST

Govt increases Oil, Gas bidding round to three times a year

India's LNG imports rise 4.6% in June

India notifies imports of 30k tonne Crude Soya Oil from Paraguay

USDA cuts global Oilseeds supplies for MY 2019-20

OPEC cuts Crude Oil production by 8.2% in July

India's rice export prices rose slightly from a near seven-month low this week as exporters were forced to raise prices due to the stronger currency even demand was subdued.

India’s 5 percent broken parboiled variety was quoted around $364-$367 per tonne, up from last week’s $362-$365, according to Reuters.

A strong rupee reduces exporters’ margin from overseas sales.

India’s neighbour Bangladesh raised import duty on the staple to 55% from 28%, officials said on Thursday, amid widespread protests by farmers over a drastic dip in domestic rates.

The new tax rates would further curb rice imports, especially from India, which emerged as the biggest supplier to the South Asian country in 2017 after floods destroyed its crop.


Commodity Arrivals Rate
Mustard Oil 7 9800.00
Coconut Oil 0.1 19100.00
Arecanut 1.43 18700.00
Sugar 499 3402.00