{"id":10067,"date":"2023-11-03T09:31:29","date_gmt":"2023-11-03T09:31:29","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=10067"},"modified":"2023-11-04T09:32:44","modified_gmt":"2023-11-04T09:32:44","slug":"asia-rice-surplus-supply-dwindling-demand-push-indias-prices-lower","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/asia-rice-surplus-supply-dwindling-demand-push-indias-prices-lower\/","title":{"rendered":"Asia rice: Surplus supply, dwindling demand push India\u2019s prices lower"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/image-16.png\" alt=\"\" class=\"wp-image-10068\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/image-16.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/image-16-600x450.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/image-16-300x225.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/image-16-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>BENGALURU\/MUMBAI\/HANOI: Parboiled rice export prices in top hub India recorded a fifth consecutive week of declines on surplus fresh supplies, a weaker rupee and decreased demand following New Delhi\u2019s move to extend duty on the rice variety.<\/strong><\/p>\n\n\n\n<p>India\u2019s 5% broken-parboiled rice prices fell to $490 to $500 per metric ton from $495 to $505 last week.<\/p>\n\n\n\n<p>\u201cThe new crop in the northern states is piling up, which is pushing down paddy prices. Exporters are also getting help from a weak rupee, which is making it easier for them to lower their export prices,\u201d said a Mumbai-based exporter.<\/p>\n\n\n\n<p>India earlier this month extended a 20% duty on exports of parboiled rice until March 2024. The country\u2019s rice production is expected to decrease for the first time in eight years, raising prospects that Prime Minister Narendra Modi\u2019s government will extend curbs on exports of the grain to control food prices ahead of elections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU\/MUMBAI\/HANOI: Parboiled rice export prices in top hub India recorded a fifth consecutive week of declines on surplus fresh supplies, a weaker rupee and decreased demand following New Delhi\u2019s move to extend duty on the rice variety. India\u2019s 5% broken-parboiled rice prices fell to $490 to $500 per metric ton from $495 to $505 last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167,159],"class_list":["post-10067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia rice: Surplus supply, dwindling demand push India\u2019s prices lower - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia rice: Surplus supply, dwindling demand push India\u2019s prices lower - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"BENGALURU\/MUMBAI\/HANOI: Parboiled rice export prices in top hub India recorded a fifth consecutive week of declines on surplus fresh supplies, a weaker rupee and decreased demand following New Delhi\u2019s move to extend duty on the rice variety. 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