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India prices gain on Africa demand; holiday thins trade elsewhere

Reuters 

By Rajendra Jadhav and Karthika Suresh Namboothiri(Reuters) - Rice export prices in India edged higher this week on buying from Africa, while a strengthening baht trimmed demand for the Thai variety as activity was muted across most Asian hubs due to the Lunar New Year holiday.Prices for top exporter India's benchmark 5-percent broken parboiled variety rose to $383-$388 per tonne from last week's $381-$386 range.While there is demand from buyers in Africa, many customers held back on purchases, hoping for lower prices, said an exporter based at Kakinada in the southern state of Andhra ...

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First Published: Thu, February 07 2019. 17:26 IST
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