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India rice prices drop to five-month low; Vietnam hits multi-year high

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Rice prices in top exporter India fell this week to their lowest in five months as the rupee depreciated, while rates in Vietnam hit a four-year high amid stronger demand and limited supplies.India's 5 percent broken parboiled variety prices dropped by $3 to $404-$408 per tonne.The continuous correction in the rupee has allowed exporters to reduce export prices in dollar terms, said an exporter based at Kakinada in the southern state of Andhra Pradesh.The rupee has fallen about 6 percent so far in 2018 to its lowest in 16 months, increasing exporters' ...

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First Published: Thu, May 17 2018. 17:44 IST