Indian Rice Export Prices Reach Highest Level in Nearly 10 Months

Indian rice export prices have hit their highest level in nearly 10 months. The increase is due to rising domestic paddy prices, shrinking supply, and a recovering international market demand.

The price of Indian parboiled rice with 5% broken grains rose to $358-364 per ton compared to $356-361 per ton last week. Meanwhile, the price of white rice with 5% broken grains was offered at $357-363 per ton.

Traders are closely monitoring the upcoming harvest amid concerns about yield, which has contributed to the price increase. A trader in New Delhi said that foreign demand for rice is gradually recovering as Indian rice remains competitive in price despite recent increases.