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Asia rice: Indian prices hit more than one-year high; Vietnam rates rise
Asian rice export prices in key hubs remained firm this week, with Indian rates hitting a more than one-year high on stronger rupee and crop supply concerns, while Vietnamese prices rose to a near two-month high on expectations of stronger demand. India’s 5% broken parboiled variety was quoted at $384-$389 per ton this week, up from last week’s $378-$384. Indian 5% broken white rice was priced at $385 to $390 per ton. “Paddy prices remain firm in the domestic market due to limited supplies. Production has declined in several states because of below-normal rainfall,” said a Mumbai-based exporte...
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