Friday, 17 November 2017

India Rice Prices Rise On Improved Demand, Fresh Supply Caps Gains

Rice prices in India climbed this week, buoyed by improved overseas demand, but rising supplies from a new season crop capped gains for the staple grain in the world's top exporter. India's 5 percent broken parboiled rice prices rose by $2 per tonne to $399 to $402 per tonne. In Thailand, benchmark 5-percent broken rice was quoted at $380-$387 a tonne, free-on-board (FOB) Bangkok, compared with $375-$387 last week.

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