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Asia rice: Indian prices hit more than one-year high on strong rupee, tight supply
Indian rice export prices rose further this week to their highest level in more than a year, supported by a stronger rupee and modest demand amid tight supplies. India’s 5% broken parboiled variety was quoted at $387-$392 per ton this week, up from last week’s $384-$389. Indian 5% broken white rice was priced at $389 to $394 per ton. The Indian rupee has appreciated steadily over the past few days, prompting traders to raise export prices to reflect the exchange-rate movement, said a Kolkata-based exporter. The country’s rice production is set to fall this year for the first time in a decade, ...
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