Rice export prices from India rose to their highest level since April 2021 this week, aided by firm demand and tight supplies, while elevated rates in Thailand kept buyers at bay.
Top exporter India’s 5% broken parboiled variety was quoted at $393 to $398 per tonne this week, up from last week range of $387-$395.
“Government has made record purchases of unmilled rice from farmers this year. Limited amounts of supplies are available to private players for the exports,” a New-Delhi-based dealer with a global trade house said.
India’s rice exports in 2022 jumped to a record high despite the government’s curbs on overseas sale, as buyers continued to make purchases because of competitive prices, according to government and industry officials.
Thailand’s 5% broken rice prices eased slightly to $495 per tonnes, from $500 per tonne.
Traders attributed the small price drop to a slow down in…
