AVN 67.75 Decreased By ▼ -0.73 (-1.07%)
BAFL 30.82 Decreased By ▼ -0.18 (-0.58%)
BOP 4.84 Decreased By ▼ -0.07 (-1.43%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DFML 14.05 Decreased By ▼ -0.18 (-1.26%)
DGKC 41.04 Decreased By ▼ -0.60 (-1.44%)
EPCL 47.21 Increased By ▲ 1.84 (4.06%)
FCCL 11.58 Decreased By ▼ -0.13 (-1.11%)
FFL 5.11 Increased By ▲ 0.01 (0.2%)
FLYNG 5.95 Increased By ▲ 0.10 (1.71%)
GGL 11.17 Increased By ▲ 0.76 (7.3%)
HUBC 67.68 Decreased By ▼ -0.82 (-1.2%)
HUMNL 5.71 Decreased By ▼ -0.04 (-0.7%)
KAPCO 28.03 Decreased By ▼ -0.19 (-0.67%)
KEL 2.28 Increased By ▲ 0.02 (0.88%)
LOTCHEM 26.25 Increased By ▲ 1.15 (4.58%)
MLCF 21.58 No Change ▼ 0.00 (0%)
NETSOL 86.53 Decreased By ▼ -1.82 (-2.06%)
OGDC 99.78 Increased By ▲ 0.48 (0.48%)
PAEL 11.08 Decreased By ▼ -0.03 (-0.27%)
PIBTL 4.23 No Change ▼ 0.00 (0%)
PPL 80.05 Decreased By ▼ -2.40 (-2.91%)
PRL 13.26 Decreased By ▼ -0.08 (-0.6%)
SILK 0.90 No Change ▼ 0.00 (0%)
SNGP 43.75 Decreased By ▼ -0.63 (-1.42%)
TELE 6.08 Decreased By ▼ -0.10 (-1.62%)
TPLP 15.88 Increased By ▲ 0.07 (0.44%)
TRG 121.33 Increased By ▲ 1.58 (1.32%)
UNITY 14.04 Decreased By ▼ -0.06 (-0.43%)
WTL 1.31 Increased By ▲ 0.05 (3.97%)
BR100 4,181 Increased By 9.7 (0.23%)
BR30 15,270 Increased By 16.5 (0.11%)
KSE100 41,723 Increased By 200.6 (0.48%)
KSE30 15,746 Increased By 83 (0.53%)
Follow us

India’s rice export prices edged up this week as sowing of crop for the new season trailed the previous year in key growing areas, while flash floods ravaged supplies of the grain in Bangladesh.

Top exporter India’s 5% broken parboiled variety was quoted at $362 to $368 per tonne, up from last week’s $361 to $366.

“Demand is weak, but prices are firm since paddy planting is not picking up,” said an exporter based in Kakinada in the southern state of Andhra Pradesh.

India’s farmers have planted 12.85 million hectares with the grain so far this season, farm ministry data showed last Friday, down 17% from the same period last year due to scanty rainfall in key growing areas.

Meanwhile, in neighbouring Bangladesh, flash floods destroyed nearly 254,000 tonnes of rice, affecting over 400,000 farmers, according to an estimate from the country’s agriculture ministry.

Asia rice: India rates steady as supply risks offset rupee dive

The south Asian nation’s government, struggling to contain soaring domestic prices, allowed private traders to import around one million tonnes of rice after slashing the import duty on it. However, prices of the staple grain for Bangladeshis have stayed elevated.

Vietnam’s 5% broken rice was offered at $415-$420 per tonne on Thursday, unchanged from a week ago.

“We have slowed down paddy purchases from farmers, waiting for the harvest to peak,” a trader from Ho Chi Minh City said.

Domestic paddy prices, however, edged lower on new supplies from the summer-autumn harvest, traders said, adding that frequent rains during harvest have affected paddy quality.

“We are still waiting for buying signals from customers in major markets, including Philippines and China,” another trader in the city said.

Thailand’s 5% broken rice prices remained around $420 per tonne for the third straight week.

“The market has been quiet. We can sell it here and there. Supply is not an issue,” a trader in Bangkok noted.

Comments

Comments are closed.

Asia rice: India export rates up as planting lags, floods ruin Bangladesh crop

Rupee up 1.08%, settles at 273.33 against US dollar

OGRA calls for action against hoarders of petrol, diesel in Punjab

Fed's Waller sees no sign of 'quick' decline in inflation

KSE-100 increases 0.48% owing to hopes of breakthrough in talks with IMF

ECP should announce election schedule for KP, Punjab: President Alvi

Holding polls in Punjab can be difficult as operation against militants underway, IG tells ECP

Amir Dogar among 12 PTI workers arrested in Multan

Turkish bourse shut for 5 days after quake, Wed trades cancelled

More survivors found as Turkiye-Syria quake toll tops 11,200

Google to soon add generative AI features in search results