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India rice rates gain as Bangladesh keeps up purchases; Vietnam ends flat run

Reuters  |  BENGALURU 

By Arpan VargheseBENGALURU (Reuters) - Rice prices gained this week in India as Bangladesh continued to lap up the staple grain from its neighbour, while prospects of deals with the Philippines saw rates climb for the first time in three weeks in a relatively quiet Vietnamese market.Top exporter India's 5 percent broken parboiled rice prices rose by about $2 per tonne this week to $423-$427.Traders from Bangladesh are aggressively buying new-season crop since prices in Bangladesh are still elevated, said an exporter based in Kakinada in the southern state of Andhra Pradesh.India's rice ...

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First Published: Thu, January 11 2018. 17:53 IST