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India's 5% broken parboiled rice rose to $360-$365 per tonne, the highest in nearly two months, as the rupee appreciated. Demand was tepid because buyers shifted to cheaper Myanmar and Pakistani rice, while Vietnam's 5% broken rose to $410-$420 per tonne on firmer demand.
A stronger rupee lifts Indian dollar export prices, but buyers switching to cheaper origins limits how far Asian rice prices can rise. Vietnam's firmer quotes point to modestly higher Asian rice values.
brecorder.comReutersSep 16, 2021Not 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.
