# Indian rice rates dive on low demand and bumper crop outlook

> 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.

- Date: 2018-10-25 · published 2018-10-25T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/62611-indian-rice-rates-dive-on-low-demand-and-bumper-crop-outlook
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/indian-rice-rates-dive-on-low-demand-and-bumper-crop-outlook-118102501010_1.html

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