{"id":1221,"date":"2022-09-05T16:00:00","date_gmt":"2022-09-05T16:00:00","guid":{"rendered":"https:\/\/blog.kisansabha.in\/?p=1221"},"modified":"2022-09-06T10:03:53","modified_gmt":"2022-09-06T10:03:53","slug":"indian-rice-rates-jump-on-sound-demand-amid-concern-over-possible-export-curbs","status":"publish","type":"post","link":"https:\/\/blog.kisansabha.in\/index.php\/2022\/09\/05\/indian-rice-rates-jump-on-sound-demand-amid-concern-over-possible-export-curbs\/","title":{"rendered":"Indian rice rates jump on sound demand amid concern over possible export curbs"},"content":{"rendered":"\n
Synopsis<\/p>\n\n\n\n
India’s 5% broken parboiled variety was quoted at $379 to $387 per tonne, their highest since June 2021, from $366-$372 last week. Prices have risen for a third straight week. Indian parboiled rice prices rose because of a tender from Bangladesh, which could be forced to make big buying this year due to crop damage, said Himanshu Agarwal, executive director at Satyam Balajee, India’s biggest rice exporter.<\/h4>\n\n\n\n
Prices of rice from top exporter India this week climbed to their highest in more than a year, boosted by strong demand amid concerns over a possible restriction on exports of some grades of the staple.<\/p>\n\n\n\n
India’s 5% broken parboiled variety was quoted at $379 to $387 per tonne, their highest since June 2021, from $366-$372 last week. Prices have risen for a third straight week.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Indian parboiled rice prices rose because of a tender from Bangladesh, which could be forced to make big buying this year due to crop damage, said Himanshu Agarwal, executive director at Satyam Balajee, India’s biggest rice exporter.<\/p>\n\n\n\n
At the same time, India is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, with the paddy area reduced by a lack of rainfall.<\/p>\n\n\n\n
White rice prices were steady because of ample supplies, said an exporter based in Kakinada in the southern state of Andhra Pradesh.<\/p>\n\n\n\n
Neighbouring Bangladesh was finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices.<\/p>\n\n\n\n
Meanwhile, Thailand’s 5% broken rice prices dropped slightly to $415-$416 per tonne from $416-$420 last week.<\/p>\n\n\n\n
A Bangkok-based trader attributed the dip to a change in exchange rates.<\/p>\n\n\n\n
“During the rainy season buyers are not so active because there is always production,” the trader said, adding some orders came from the Middle East but not in large quantities.<\/p>\n\n\n\n
Another trader said orders were coming in from Africa for parboiled rice, while demand for white rice was normal.<\/p>\n\n\n\n
Shipments were expected to meet forecasts of 7 million to 7.5 million tonnes from depreciation of baht, lower shipping costs and good yield from rain, he added.<\/p>\n\n\n\n
Vietnam remained closed for the National Day holiday.<\/p>\n\n\n\n
Read More At:-https:\/\/bit.ly\/3QhjXiQ<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"
Synopsis India’s 5% broken parboiled variety was quoted at $379 to $387 per tonne, their highest since June 2021, from $366-$372 last week. Prices have risen for a third straight week. Indian parboiled rice prices rose because of a tender from Bangladesh, which could be forced to make big buying this year due to crop […]<\/p>\n","protected":false},"author":7,"featured_media":1222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[41,143],"tags":[211,233,216,225,214],"class_list":["post-1221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agricultural-updates","category-farmers-news","tag-agriculture-2","tag-agriculture-industry","tag-agriculture-ministry","tag-agriculture-of-india","tag-agricultureupdates","entry","has-media"],"yoast_head":"\r\n
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