Section

India's rice rates grind to 2-month low on soft demand

By Economic Times - 8 months ago
Parboiled rice prices in India have fallen to their lowest level since early February due to sluggish demand. Thai rates also declined for the fourth consecutive week due to a weaker baht. India's 5% broken parboiled variety was quoted at $540-$548 per ton, down from last week's $550-$558. The lower prices were attributed to a depreciating baht and additional supply, while lower prices attracted demand from buyers like Indonesia.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.