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Asia Rice: Slow demand weighs on top exporters; Bangladesh scraps Thai deal

Reuters  |  BENGALURU 

By Koustav SamantaBENGALURU (Reuters) - Rice prices in India and Thailand fell this week, pressured by sluggish overseas demand, while Bangladesh scrapped a plan to import Thai rice, citing delays in finalising a deal.In India, prices for 5 percent broken parboiled rice fell by $12 to $420-$424 a tonne, having touched their highest since September 2011 a couple of weeks earlier."Demand is weak. Buyers are postponing purchases, expecting a further drop in prices," said an exporter based in Kakinada in the southern state of Andhra Pradesh.A statement released by a government body last week said ...

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First Published: Thu, February 15 2018. 18:43 IST