# India rates dip as rupee flounders; markets eye Philippine boost | Daily FT

> Indian 5% broken parboiled rice export prices fell $3 to $386-$390 per ton last week as the rupee hit a record low, though demand stayed weak. Thai 5% broken rice was quoted at $393-$395, and the Philippines plans to import an additional 132,000 tons to rebuild stocks.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/63113-india-rates-dip-as-rupee-flounders-markets-eye-philippine-boost-daily-ft
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The weaker rupee lowers Indian export offers, but soft demand keeps global rice prices under pressure, with Philippine buying the main potential support.

## Read by commodity

- RICE: neutral
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-06-10 | [Asia Rice: India prices dip as Bangladesh production recovers \| Daily FT](https://feedsoft.ai/events/64597-asia-rice-india-prices-dip-as-bangladesh-production-recovers-daily-ft.md) | +10.6% | +8.7% |
| RICE | 2017-10-27 | [ACCURATE COMMODITY  TIPS\| BULLION MARKET TIPS\|BEST COMMODITY TIPS\|COMMODITY TRADING TIPS TODAY\|MCX: Rice prices in India dip on rising supply; Thailand eyes Sri Lankan demand](https://feedsoft.ai/events/68538-accurate-commodity-tips-bullion-market-tips-best-commodity-tips-commodity.md) | -3.0% | +8.1% |
| RICE | 2017-06-08 | [USA Rice Continues Dialog with Customers in Key Central American Markets  \| USA Rice Federation](https://feedsoft.ai/events/70564-usa-rice-continues-dialog-with-customers-in-key-central-american-markets-usa.md) | -1.8% | +3.7% |
| RICE | 2018-04-28 | [India signs deals with 8 countries for farm exports, looks for more markets \| India News](https://feedsoft.ai/events/65466-india-signs-deals-with-8-countries-for-farm-exports-looks-for-more-markets.md) | -1.0% | -9.7% |
| RICE | 2025-10-05 | [India eases rice export norms to tap non-EU European markets \| Mint](https://feedsoft.ai/events/22355-india-eases-rice-export-norms-to-tap-non-eu-european-markets-mint.md) | -3.9% | -7.6% |

## Sources

- ft.lk: https://www.ft.lk/agriculture/India-rates-dip-as-rupee-flounders-markets-eye-Philippine-boost/31-662132

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