Indian rice export prices decrease

Asian Rice Markets Indian parboiled rice export prices fell this week due to a record low rupee. Meanwhile, trading activity in the Vietnamese and Thai rice markets was quiet. Indian 5% broken parboiled rice was quoted at $444-$450 a tonne this week, compared with $445-$453 a tonne last week. Indian 5% broken white rice was quoted at $450-$458 a tonne. A trader in New Delhi said market demand was stable. Traders were cutting prices as the rupee fell to a record low. Meanwhile, the Vietnam Food Association said Vietnam's 5% broken rice was offered at $517 a tonne, down from $520 a tonne last week. Trading activity remained quiet this week, as sellers were reluctant to sell at low prices while buyers wanted prices to fall further, said a trader in Ho Chi Minh City. Vietnam's rice exports in the January-November period rose 10.6 percent year-on-year to 8.5 million tonnes, the Ministry of Agriculture and Rural Development said. Export value rose 22.4 percent to $5.31 billion. ...