# India Rice Prices Hit Over 2-Month Low On Muted Demand, Weaker Rupee | ESM Magazine

> Indian 5% broken parboiled rice fell to $366-$372 per tonne, the lowest since March, on muted demand and a weaker rupee that has lost more than 6% this year. Vietnamese 5% broken prices slipped to $450 per tonne, the lowest in nearly two months, as domestic supplies built up during the harvest.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/52692-india-rice-prices-hit-over-2-month-low-on-muted-demand-weaker-rupee-esm-magazine
- 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 and ample Indian and Vietnamese supply make exporters cut prices, which pressures global rice export values and keeps competition sharp.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-06-19 | 5 | -15.9% | -4.0 | Falling Indian and Vietnamese export quotes on weak demand and a weaker rupee point to softer global benchmarks and add competitive pressure on US rice. |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/india-rice-prices-hit-2-month-low-muted-demand-weaker-rupee-101270

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