# ASIA RICE-Indian rates slip on rupee plunge, Thai prices gain on Mideast demand - Markets - Business Recorder

> 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.

- Date: 2022-05-13 · published 2022-05-13T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/41472-asia-rice-indian-rates-slip-on-rupee-plunge-thai-prices-gain-on-mideast-demand
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- RICE: neutral
- USDINR: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2022-05-15 | 1 | +3.9% | 3.1 | 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. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40172805

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