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Indian 5% broken parboiled rice was quoted at $357-$361 per tonne, down from $363-$367 the prior week, as the rupee hit a record low against the dollar. Thai 5% broken rose to $450 per tonne from $432-$435, driven by bulk buying from Iraq and Iran.
A weaker rupee lets Indian exporters cut dollar prices, which pressures global rice benchmarks, while firm Thai demand from the Middle East supports higher quotes elsewhere.
brecorder.comReutersMay 13, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Asian rice export quotes on May 13 showed Thai 5% broken prices jumping on Iraq and Iran buying while Indian prices slipped on a weak rupee, a direct signal of rice trade-flow and price changes in the window.
