Prices of parboiled rice exported from top hub India jumped to their highest level in four months this week, while strong demand and shrinking supplies supported rates for the Thai variety.

Rates for India’s 5% broken parboiled variety were quoted at $525 to $535 per ton this week, their highest levels since September, rising from last week’s $510 to $517 range.

Despite sluggish demand, prices are rising due to reduced paddy availability caused by strong government buying, said Himanshu Agarwal, executive director at Satyam Balajee, a leading exporter.

Thailand’s 5% broken rice prices were quoted at $665 per ton on Thursday, climbing from last week’s $648-$650 per ton.

Thai traders noted strong demand from Indonesia and some from African markets drove the prices higher.

Prices of parboiled rice exported from top hub India jumped to their highest level in four months this week, while strong demand and shrinking supplies supported rates for the Thai variety.

Rates for India’s 5% broken parboiled variety were quoted at $525 to $535 per ton this week, their highest levels since September, rising from last week’s $510 to $517 range.

Despite sluggish demand, prices are rising due to reduced paddy availability caused by strong government buying, said Himanshu Agarwal, executive director at Satyam Balajee, a leading exporter.

Thailand’s 5% broken rice prices were quoted at $665 per ton on Thursday, climbing from last week’s $648-$650 per ton.

Thai traders noted strong demand from Indonesia and some from African markets drove the prices higher.

Published Date: January 18, 2024