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Indian rice export prices fell to their lowest in 21 months this week, with the 5% broken parboiled variety quoted at $361-$367 a tonne amid tepid demand and an expected bumper crop. The rupee hit a record low of 74.48 per dollar, widening exporter margins, while Vietnamese benchmark rates rose on hopes of Philippine deals.
Large Indian supply and a weak rupee point to lower global rice prices, reducing the cost of rice-based feed inputs such as broken rice and bran.
business-standard.comReutersOct 25, 2018Not 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.
