# Asia rice: Rupee slide, weak demand drag India rates to 2-month low - Markets - Business Recorder

> India's 5% broken parboiled rice quotes slipped to a two-month low of $370-$375 per tonne amid a weaker rupee and softer African demand. Thai and Vietnamese quotes were steady to slightly higher.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/7731-asia-rice-rupee-slide-weak-demand-drag-india-rates-to-2-month-low-markets
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Lower Indian export quotes and new-crop supply point to softer Asian rice export prices, although tight Vietnamese domestic supplies limit the downside.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40206861

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