# Indian rice prices surge to over six-year high on steady demand, strong rupee

> Indian rice prices reached their highest in 6.5 years, with 5% broken parboiled rising to $447-$451 per tonne. Rising overseas inquiries and limited supply, plus a rupee near a 32-month high, drove the rally. India's 2017 rice exports are estimated at a record 12.3 million tonnes.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/66579-indian-rice-prices-surge-to-over-six-year-high-on-steady-demand-strong-rupee
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Tight export supply and a stronger rupee squeezing exporter margins are pushing up world rice quotes, raising the cost of rice-based feed ingredients.

## Read by commodity

- RICE: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-02-20 | [Rice exports surge on strong demand, dip in Thai stocks - The HinduBusinessLine](https://feedsoft.ai/events/66441-rice-exports-surge-on-strong-demand-dip-in-thai-stocks-the-hindubusinessline.md) | -1.0% | +2.2% |
| RICE | 2017-05-30 | [Bangkok Post - Demand surge to lift rice price](https://feedsoft.ai/events/71082-bangkok-post-demand-surge-to-lift-rice-price.md) | +0.6% | +1.9% |
| RICE | 2021-01-23 | [Indian rice prices up; Thai higher prices dampen demand - Markets - Business Recorder](https://feedsoft.ai/events/49240-indian-rice-prices-up-thai-higher-prices-dampen-demand-markets-business-recorder.md) | +1.4% | -2.9% |
| RICE | 2017-11-16 | [India rice prices rise on improved demand, fresh supply caps gains](https://feedsoft.ai/events/68058-india-rice-prices-rise-on-improved-demand-fresh-supply-caps-gains.md) | +2.8% | -3.1% |
| RICE | 2026-02-23 | [Global rice prices surge 11% amid strong demand and shifting export policies](https://feedsoft.ai/events/12570-global-rice-prices-surge-11-amid-strong-demand-and-shifting-export-policies.md) | +2.3% | +9.1% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/indian-rice-prices-surge-to-over-six-year-high-on-steady-demand-strong-rupee-118020101216_1.html

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