{"id":8310,"date":"2023-09-22T12:01:15","date_gmt":"2023-09-22T12:01:15","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8310"},"modified":"2023-09-22T12:01:16","modified_gmt":"2023-09-22T12:01:16","slug":"asia-rice-indias-export-curbs-stall-trade","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/asia-rice-indias-export-curbs-stall-trade\/","title":{"rendered":"Asia rice: India\u2019s export curbs stall trade"},"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\/09\/image-122.png\" alt=\"\" class=\"wp-image-8311\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-122.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-122-600x450.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-122-300x225.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-122-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>MUMBAI\/HANOI\/ BANGKOK\/BANGLADESH: Vietnamese and Thai rice export rates declined further from recent highs this week, while India\u2019s curbs on parboiled rice exports brought activity to a standstill for the top exporter as buyers held off for cheaper deals.<\/strong><\/p>\n\n\n\n<p>Export rates for India\u2019s 5% broken variety were static at $525-$535 per metric ton for a second straight week, albeit still near a record high of $520-$540 hit on Aug. 31.<\/p>\n\n\n\n<p>New Delhi had imposed a 20% duty on parboiled rice exports in August, adding to existing curbs on non-basmati rice. \u201cExports of broken and white rice are currently banned, and parboiled rice buyers are reluctant to pay the 20% duty,\u201d said a Mumbai-based dealer with a global trade house. Vietnam\u2019s 5% broken rice was offered at $610-$620 per metric ton, compared to $620-$630 last week. \u201cThe Philippines\u2019 recent move to impose a ceiling on rice prices might have cooled export prices of Vietnamese rice,\u201d a Ho Chi Minh City-based trader said. But tight supplies and strong demand from other buyers will keep prices from falling further, the trader added.<\/p>\n\n\n\n<p>Preliminary shipping data showed 275,250 metric tons to be loaded at Ho Chi Minh City port during Sept. 1-22, most of it heading to Indonesia, Malaysia, the Philippines and Turkey.<\/p>\n\n\n\n<p>The baht has weakened 4.4% versus the dollar so far this year, and hit a more than 10-month low on Wednesday. Meanwhile, domestic rice prices in Bangladesh remained high, despite good yield and record reserves according to food minister Sadhan Chandra Majumder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI\/HANOI\/ BANGKOK\/BANGLADESH: Vietnamese and Thai rice export rates declined further from recent highs this week, while India\u2019s curbs on parboiled rice exports brought activity to a standstill for the top exporter as buyers held off for cheaper deals. Export rates for India\u2019s 5% broken variety were static at $525-$535 per metric ton for a second [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167,160,159],"class_list":["post-8310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-rice","tag-rice-export","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: India\u2019s export curbs stall trade - 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: India\u2019s export curbs stall trade - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"MUMBAI\/HANOI\/ BANGKOK\/BANGLADESH: Vietnamese and Thai rice export rates declined further from recent highs this week, while India\u2019s curbs on parboiled rice exports brought activity to a standstill for the top exporter as buyers held off for cheaper deals. 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