Asia Rice: India rates dip as rupee flounders; markets eye Philippine boost
A dip in rice export prices as the rupee plunged failed to stoke fresh demand for the Indian variety this week, but potential orders from the Philippines and elsewhere could provide fresh impetus to markets in Thailand and Vietnam. In top exporter India, rates for 5 percent broken parboiled rice fell by $3 to $386-$390 per tonne this week.
India`s rice exports in April-July edged up 1 percent from a year ago to 4.15 million tonnes on upbeat demand from Senegal, Benin and Iran, a government body said. Image source: Reuters