# Rising supplies weigh on India prices, Vietnam sees lower demand

> Indian 5% broken parboiled rice fell to $440-$446 per ton as the rupee hit a record low against the dollar and supplies rose. Vietnamese 5% broken rice was offered at $495-$508, edging lower on fears of reduced Philippine demand. Trading was described as tame, and Bangladesh plans to import 100,000 tonnes of white rice from Myanmar.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/11558-rising-supplies-weigh-on-india-prices-vietnam-sees-lower-demand
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Lower Indian export prices and weak Vietnamese demand from the Philippines point to bearish global rice pricing. The record-low rupee gives Indian exporters room to cut quotes further.

## Read by commodity

- RICE: bearish ▼
- USDINR: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-12-19 | 1 | -2.7% | -3.2 | Falling Indian and Vietnamese export prices on rising supplies, a record-low rupee and fears of reduced Philippine demand point to weaker global rice sentiment on the day of the drop, which plausibly pressured US rough rice futures. |

## Sources

- livemint.com: https://www.livemint.com/market/commodities/rising-supplies-weigh-on-india-prices-vietnam-sees-lower-demand-11734608176932.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.