Indian rice export prices decrease

Published 2024년 12월 8일

Tridge summary

Indian parboiled rice export prices have dropped this week due to a record low rupee, with 5% broken parboiled rice quoted at $444-$450 a tonne and 5% broken white rice at $450-$458 a tonne. Meanwhile, the Vietnamese and Thai rice markets were quiet with Vietnam's rice exports rising by 10.6% year-on-year to 8.5 million tonnes and Thailand's 5% broken rice prices remaining steady. In US agricultural markets, wheat futures on the CBOT rose for the fourth consecutive session due to concerns about poor winter crop production in Russia, while corn prices increased due to a sharp fall in Brazil's November 2024 corn exports. Lastly, robusta and arabica coffee prices continued to rise on both international exchanges.

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Original content

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. ...

Source: Vietstock