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India rice export rates gain as demand picks up

India rice export rates gain as demand picks up

Thursday, December 19, 2019, 9:16 PM

Indian rice export-prices extended gains this week as demand ticked-up and paddy prices on the local-market rose, while demand for Thai rice was still being hurt by cheaper competitors. Top exporter India's 5% broken parboiled variety was quoted around $360-$365/tonne this week, up from last week's $358-$363. Demand for the Indian-rice has been fairly subdued of late, with export rates near multi-year lows.
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