Due to strong African demand and new crop yields, India’s parboiled rice prices remained steady this week. Vietnamese rates decreased due to strong supplies, while Thai rates increased due to baht appreciation. Top exporter India’s 5% broken parboiled variety was quoted at $444-$450 per metric ton, while Indian 5% broken white rice was quoted at…
As food prices cooled off, India’s retail inflation rate dropped to 5.5 percent in November from a 14-month high of 6.2 percent the month before. Compared to 10.9 percent in October, food inflation decreased to 9 percent for the month.For the third consecutive month, consumer prices have stayed over 5%. At its December meeting, the…
The government may lift restrictions on rice exports due to a huge surplus of rice stocks and an expected ‘above normal’ monsoon. Last year’s below-normal rainfall affected rice output, but this year’s forecast of normal-to-excess rain could lead to a better output. Retail rice prices rose by 12.69% on year in March. The inflation in…
