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Indian 5% broken parboiled rice export quotes fell $3 to $386-$390 per tonne this week as weak African demand persisted despite a record-low rupee. Thai 5% broken rice was quoted at $393-$395 FOB Bangkok, with exporters hoping for Philippine and Chinese orders next month.
A weaker rupee lowers Indian export prices in dollar terms, adding competitive pressure on global rice values, while possible Philippine demand could support Thai and Vietnamese prices.
interaksyon.philstar.comReutersAug 31, 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.
