Rice Price Up in India on Stronger Rupee
India’s 5 percent broken parboiled rice prices rose by $2 per tonne to $373 to $378 a tonne this week, as gains in the rupee led exporters to raise prices, as the rupee was near its highest level in about 18 months. While prices weakened in Vietnam as the country entered its peak harvest season. Vietnam has entered its main harvest season since late March, pushing down prices of the 5 percent broken rice to $348-$350 a tonne FOB Saigon from $350-$355 last week. However Thailand prices of the benchmark 5-percent broken rice rose to $350-$365 a tonne free-on-board (FOB) Bangkok from $350-$362 last week, as the baht appreciated against the U.S. dollar, but demand has been dull.