AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Rice export prices in top exporter India this week touched their highest levels since last June, supported by tight supplies and a stronger rupee, while an uptick in demand buoyed rates in nearby Thailand to their highest since mid-July last year.

India's 5% broken parboiled variety was quoted at $367-$375 per tonne, a peak since the week of June 24 last year, up from last week's $359-$363.

"Mills are mainly focusing on milling white rice. Parboiled supplies are very limited, and that's why prices are moving higher," said an exporter based at Kakinada in the southern state of Andhra Pradesh.

Prices are also firming because of an appreciation in the rupee, he said, which trims traders' margins from overseas sales.

Asia Rice: Vietnam rates hit over 3-month low, prices steady in other hubs

Thailand's 5% broken rice prices rose to their highest since mid-July 2021 at $404-$405 per tonne from $390-$402 last week.

Bangkok-based traders said an uptick in demand among exporters who had to fulfil orders made before the New Year's holidays raised prices slightly.

Thailand exported 5.39 million tonnes of rice between January and November 2021, up 2.6% from the same period a year earlier, according to the country's commerce ministry.

Vietnam's 5% broken rice was offered at $395-$405 per tonne, widening from a range of $395-$400 a week ago.

"Sales are slow, and local traders have scaled down their purchases from farmers," a trader based in Ho Chi Minh City said.

Government customs data released on Thursday showed Vietnam's rice exports in 2021 fell 0.2% to 6.24 million tonnes.

Exports in December fell 13.4% from November to 490,219 tonnes.

Meanwhile, in Bangladesh, domestic rice prices went up again this week despite good crops and huge imports, traders said.

Bangladesh, the world's third-biggest rice producer, imported nearly 1.36 million tonnes in the previous year that ended in June.

Comments

Comments are closed.