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India rice rates slip; tough Chinese rules dent Vietnam exports

Reuters  |  BENGALURU 

By Sumita LayekBENGALURU (Reuters) - Rice export prices fell a the second consecutive week in India on a weakening rupee and slow demand, while strict inspections from top consumer China muted exports from Vietnam.India's 5 percent broken parboiled variety was quoted around $364-$368 per tonne this week, from $366-$370 the last week."Prices are down as traders are adjusting to the drop in the rupee. Demand is still weak," said an exporter based at Kakinada in the southern state of Andhra Pradesh.The Indian rupee fell nearly 1 percent on Thursday to the lowest level in two weeks, increasing ...

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First Published: Thu, December 06 2018. 18:35 IST
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