{"id":5487,"date":"2023-04-07T11:25:49","date_gmt":"2023-04-07T11:25:49","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=5487"},"modified":"2023-07-18T11:26:01","modified_gmt":"2023-07-18T11:26:01","slug":"asia-rice-demand-props-up-indian-rates","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/asia-rice-demand-props-up-indian-rates\/","title":{"rendered":"Asia rice: demand props up Indian rates"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/04\/image-20.png\"><img decoding=\"async\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/04\/image-20.png\" alt=\"\" class=\"wp-image-130536\"\/><\/a><\/figure>\n\n\n\n<p><strong>MUMBAI\/ HANOI\/ BANGKOK\/DHAKA: Indian export prices of rice edged up this week on an improvement in demand and an appreciation in rupee, while Vietnam rates are expected to remain higher on economic and political concerns.<\/strong><\/p>\n\n\n\n<p>Top exporter India\u2019s 5% broken parboiled variety was quoted at $383 to $389 per tonne this week, up from the last week\u2019s $380 to $385. \u201cThere was (a) broader recovery in prices of all agricultural commodities in the past few days.<\/p>\n\n\n\n<p>It has also been helping rice prices to move higher,\u201d said an exporter based at Kakinada in southern state of Andhra Pradesh. Vietnam\u2019s 5% broken rice were offered at $460 per tonne on Thursday, unchanged from a week ago.<\/p>\n\n\n\n<p>State media cited Nguyen Ngoc Nam, chairman of Vietnam Food Association, saying rice prices will stay at high levels for the short term as global economic and political uncertainty has prompted countries to raise their food reserves.<\/p>\n\n\n\n<p>Vietnam\u2019s central bank had said earlier this week that it is under pressure to support economic growth while keeping the banking system and the foreign exchange market stable.<\/p>\n\n\n\n<p>Traders said Vietnam\u2019s rice shipments are estimated at 6.5-6.7 million tonnes this year, down from 7.1 million tonnes last year.<\/p>\n\n\n\n<p>Thailand\u2019s 5% broken rice prices were quoted at $480 to $482 per tonne, from last week\u2019s $475 to $482. \u201cDomestic prices are high as we approach the end of the harvesting season and there\u2019s lower supply,\u201d a Bangkok-based trader said.<\/p>\n\n\n\n<p>Meanwhile, the World Bank in its latest report noted \u201cthe price for coarse rice remains volatile, but Bangladesh had a favourable Boro harvest, and public granaries are being restocked.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI\/ HANOI\/ BANGKOK\/DHAKA: Indian export prices of rice edged up this week on an improvement in demand and an appreciation in rupee, while Vietnam rates are expected to remain higher on economic and political concerns. Top exporter India\u2019s 5% broken parboiled variety was quoted at $383 to $389 per tonne this week, up from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167],"class_list":["post-5487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-rice"],"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: demand props up Indian rates - 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: demand props up Indian rates - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"MUMBAI\/ HANOI\/ BANGKOK\/DHAKA: Indian export prices of rice edged up this week on an improvement in demand and an appreciation in rupee, while Vietnam rates are expected to remain higher on economic and political concerns. 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