# Weaker currencies push Indian, Thai rice export rates lower – Journalist Association of India (JAI)

> Indian and Thai 5% broken rice export quotes slipped this week as the rupee fell to a near five-month low and the baht weakened about 4% since March. Vietnamese prices also eased on weak demand after the harvest. Bangladesh issued a new 50,000-tonne tender and is seeking more state-to-state purchases, mostly from India.

- Date: 2021-04-08 · published 2021-04-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47686-weaker-currencies-push-indian-thai-rice-export-rates-lower-journalist
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Weaker exporter currencies widen exporter margins and push offer prices lower, which pressures global rice benchmarks. Steady Bangladeshi import demand gives some support to Indian prices.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-05-17 | [Bangkok Post - Thai, India rice prices hurt by weaker currencies](https://feedsoft.ai/events/12668-bangkok-post-thai-india-rice-prices-hurt-by-weaker-currencies.md) | -5.0% | -2.0% |
| RICE | 2019-08-22 | [Rupee slide pushes India rice rates to 7-week low, Vietnamese exports dip](https://feedsoft.ai/events/57671-rupee-slide-pushes-india-rice-rates-to-7-week-low-vietnamese-exports-dip.md) | +3.9% | +13.3% |
| RICE | 2020-06-30 | [Rupee depreciation to help boost Indian farm, textile and jewellery exports \| Finance Other News - Business Standard](https://feedsoft.ai/events/52895-rupee-depreciation-to-help-boost-indian-farm-textile-and-jewellery-exports.md) | +20.6% | -16.6% |
| RICE | 2026-02-18 | [Platts Thai 5% white rice at near one-month low; highest priced in Asia \| S&P Global](https://feedsoft.ai/events/12008-platts-thai-5-white-rice-at-near-one-month-low-highest-priced-in-asia-s-and-p.md) | -8.3% | +5.4% |
| RICE | 2024-11-08 | [India rice prices extend declines on rupee plunge](https://feedsoft.ai/events/27486-india-rice-prices-extend-declines-on-rupee-plunge.md) | +1.9% | +4.8% |

## Sources

- jaoi.org: https://www.jaoi.org/2021/04/h-k-sethi-weaker-currencies-push-indian-thai-rice-export-rates-lower/

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