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Asia rice: Indian rice export rates gain on Africa demand, firm rupee
Indian rice export prices rose this week, buoyed by modest demand from African buyers and a rupee that strengthened to its highest level in nearly seven months, while Thai and Vietnamese export rates also drifted higher. India’s 5% broken parboiled variety was quoted at $385-$390 per ton, up from last week’s $382-$386. Indian 5% broken white rice was priced at $390-$395. The rupee’s sustained appreciation in recent days has prompted exporters to raise prices to protect their margins, said a Kolkata-based exporter. Thailand’s 5% broken rice rose to $495-$500 per ton, up from $490-$495 last week...
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