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Charges for prime exporter India’s 5% damaged parboiled selection had been quoted at $361 to $365 per tonne, down from final week’s $364-$368, additionally weighed down by a weaker rupee , which typically will increase merchants’ margin from abroad gross sales.
“Demand is nice, however costs are coming down due to rupee. Provides have additionally improved in the previous couple of weeks,” mentioned an exporter primarily based at Kakinada in southern state of Andhra Pradesh.
Vietnam’s 5% damaged rice was supplied at $415 per tonne on Thursday, down from $420-$425 final week, amid ample home provides with farmers within the Mekong Delta having harvested about 90% of their winter-spring crop.
State media studies cited the Vietnam Meals Affiliation as saying exports are anticipated to select up within the coming months, with stronger demand from such markets as China, Bangladesh, Iran and Sri Lanka.
Preliminary transport knowledge confirmed 291,690 tonnes of rice is to be loaded at Ho Chi Minh Metropolis port in April, with most of it heading to the Philippines and Cuba.
Thailand’s 5% damaged rice costs rose barely to $410-$414 per tonne from $408-$412 two weeks in the past, with merchants saying that whereas the market noticed small purchases, exercise was muted general.
The nation exported 1.1 million tonnes of rice between January and February this yr, up 29% from the identical interval final yr, in accordance with knowledge from the commerce ministry launched earlier this month.
In Bangladesh, home rice costs stayed elevated regardless of good reserves on the again of excellent crops and hefty imports, whereas the federal government provides subsidised grain to poor individuals.
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