# Strong rupee pushes rice prices to seven-month high, dampening exports | Commodity - Food & Edible Oils - Business Standard

> Indian 5% broken parboiled rice was quoted at $392-$395 per tonne this week, up from $386-$389 last week, the highest in over seven months. The rupee's appreciation is raising export prices and dampening African buyer demand, while Vietnamese traders are increasing purchases to fill new overseas deals.

- Date: 2019-03-22 · published 2019-03-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60167-strong-rupee-pushes-rice-prices-to-seven-month-high-dampening-exports-commodity
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee lifts Indian export quotes, which may erode competitiveness and demand for Indian rice, while firmer Vietnamese domestic buying supports Asian rice prices. Rice is a feed-adjacent carbohydrate, so the firmer tone is a modest support for alternative feed grains.

## Read by commodity

- RICE: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-08-09 | [India rice shipments slow as stronger rupee lifts export prices \| India rice shipments slow as stronger rupee lifts export prices](https://feedsoft.ai/events/69410-india-rice-shipments-slow-as-stronger-rupee-lifts-export-prices-india-rice.md) | +0.8% | +2.6% |
| RICE | 2019-06-28 | [Strong baht sends jitters through Thai export sector \| Thai PBS World](https://feedsoft.ai/events/58867-strong-baht-sends-jitters-through-thai-export-sector-thai-pbs-world.md) | +0.6% | +9.5% |
| RICE | 2019-10-21 | [Strong baht sends jitters through Thai export sector – Customs Today Newspaper](https://feedsoft.ai/events/56854-strong-baht-sends-jitters-through-thai-export-sector-customs-today-newspaper.md) | -0.9% | -0.2% |
| RICE | 2023-01-05 | [Government sees inflation's peak as it misses target for second straight year \| Philstar.com](https://feedsoft.ai/events/12192-government-sees-inflation-s-peak-as-it-misses-target-for-second-straight-year.md) | -0.2% | +1.6% |
| RICE | 2020-06-01 | [Rice: The Coronavirus-Proof Grain?](https://feedsoft.ai/events/4923-rice-the-coronavirus-proof-grain.md) | +19.5% | -21.2% |

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/strong-rupee-pushes-rice-prices-to-seven-month-high-dampening-exports-119032100564_1.html

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