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ASIA RICE Indian rates hit 5-month low as pandemic strains logistics

ChinaASIA RICE Indian rates hit 5-month low as pandemic strains logistics
Sumita Layek
2 minute read
Top exporter India s rice prices slipped to their lowest in five months this week on a weaker rupee and as rising coronavirus cases posed logistical bottlenecks.
India s 5% broken parboiled variety fell to $374-$379 per tonne, from last week s $386-$390.
The second wave has started affecting logistics from rice milling to transporting cargoes to the port, said Nitin Gupta, vice president for Olam India s rice business.
Still, operations are not disrupted, but they could if cases continue to rise.
India s total COVID-19 cases passed 18 million on Thursday. The Indian rupee , meanwhile, remained weak. read more ....

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ASIA RICE-Indian rates hit 5-month low as pandemic strains logistics

4/29/2021
Thai prices rise to $470-$500 per tonne
Extended lockdown impacts rice harvesting in Bangladesh
By Sumita Layek
April 29 (Reuters) - Top exporter India s rice prices
slipped to their lowest in five months this week on a weaker
rupee and as rising coronavirus cases posed logistical
bottlenecks.
India s 5% broken parboiled variety fell to
$374-$379 per tonne, from last week s $386-$390.
The second wave has started affecting logistics from rice
milling to transporting cargoes to the port, said Nitin Gupta,
vice president for Olam India s rice business.
Still, operations are not disrupted, but they could if
cases continue to rise. ....

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Exclusive: Vietnam buys Indian rice for first time in decades - industry officials

4 Min Read
MUMBAI/HANOI (Reuters) - Vietnam, the world’s third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters.
FILE PHOTO: Kashmiri farmers collect winnowed rice grain after a harvest on the outskirts of Srinagar September 22, 2020. REUTERS/Sanna Irshad Mattoo
The purchases highlight tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India - the world’s biggest exporter of the grain. ....

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