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India rice rates nudge up, Vietnam prices ease from multi-year highs

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Rice export prices rose this week in India on hopes for increased buying from China, while rates in Vietnam eased from a multi-year peak with the outlook for higher domestic supply. Rates for India's 5 percent broken parboiled variety rose by $5 to $398-$402 per tonne this week, after hitting the lowest level for the year last week due to sluggish demand from neighbouring Bangladesh.India was the biggest supplier of rice to Bangladesh in 2017. Imports by Bangladesh will likely slow as the government imposed a 28 percent tax on rice imports to support its ...

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First Published: Thu, June 14 2018. 18:13 IST