# Asia Rice-India rates dip as rupee flounders; markets eye Philippine boost

> 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.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/63595-asia-rice-india-rates-dip-as-rupee-flounders-markets-eye-philippine-boost
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Sources

- interaksyon.philstar.com: https://interaksyon.philstar.com/business/2018/08/31/133141/asia-rice-india-rates-dip-as-rupee-flounders-markets-eye-philippine-boost/

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