India’s rice export prices edge up with improved global demand, rupee weakness, and strong domestic reserves
India’s rice export prices have increased slightly this week, supported by rising global demand and currency advantages. The export price for 5% broken parboiled rice rose to $380–$386 per tonne, compared to last week’s $378–$384, while 5% broken white rice is now priced at $373–$377 per tonne.
Himanshu Agrawal, executive director at rice exporter Satyam Balajee, noted that a weaker rupee has helped make Indian rice more competitive in global markets. This currency shift, combined with improving international demand, has given a modest boost to exporters.
India’s robust rice reserves—reported at 59.5 million metric tonnes as of June 1—further strengthen its export capability. These stock levels are over four times the official July target, ensuring supply stability while meeting export commitments.
Meanwhile, export markets in Vietnam and Thailand remain subdued due to slow buying and ample supply, with prices slightly declining. The contrast highlights India’s advantage in the current global rice trade environment.
Source: Business Standard
