Parboiled rice prices in India have fallen to their lowest level since early February due to sluggish demand. Thai rates also declined for the fourth consecutive week due to a weaker baht. India s 5% broken parboiled variety was quoted at $540-$548 per ton, down from last week s $550-$558. The lower prices were attributed to a depreciating baht and additional supply, while lower prices attracted demand from buyers like Indonesia.
India rice export ban: Output could fall as much as 8% from last year s record despite an increase in area under paddy, according to various forecasts.
India s smaller rice crop paves way for prolonged export curbs thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Rice output expected to drop this year, govt may extend curbs on exports firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.