# Strong currency props up Indian rice rates, wider demand subdued - India News News

> Thai 5% broken rice quoted at $390-$404 per tonne FOB, down from the prior week, as new crop supplies are expected next month. Indian 5% parboiled rose to $374-$377 per tonne as the rupee hit an 11-month high, and Thai exports fell 12% in the first half of 2019 due to the stronger baht.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/58169-strong-currency-props-up-indian-rice-rates-wider-demand-subdued-india-news-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Expected new Thai crop supply and muted demand weigh on Asian export quotes, while a strong local currency supports exporter prices and trims export volumes.

## Read by commodity

- RICE: bearish ▼
- USDTHB: bearish ▼

## Sources

- wionews.com: https://www.wionews.com/india-news/strong-currency-props-up-indian-rice-rates-wider-demand-subdued-235064

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