AGL 5.27 Decreased By ▼ -0.13 (-2.41%)
ANL 8.75 Decreased By ▼ -0.04 (-0.46%)
AVN 76.62 Increased By ▲ 0.37 (0.49%)
BOP 5.22 Increased By ▲ 0.03 (0.58%)
CNERGY 4.44 Decreased By ▼ -0.04 (-0.89%)
EFERT 81.32 Increased By ▲ 0.22 (0.27%)
EPCL 49.39 Increased By ▲ 0.38 (0.78%)
FCCL 12.80 Increased By ▲ 0.10 (0.79%)
FFL 5.59 Decreased By ▼ -0.03 (-0.53%)
FLYNG 6.90 Decreased By ▼ -0.03 (-0.43%)
FNEL 4.67 Increased By ▲ 0.02 (0.43%)
GGGL 8.64 Increased By ▲ 0.04 (0.47%)
GGL 14.21 Increased By ▲ 0.06 (0.42%)
HUMNL 5.54 Increased By ▲ 0.05 (0.91%)
KEL 2.63 Increased By ▲ 0.04 (1.54%)
LOTCHEM 28.04 Increased By ▲ 0.33 (1.19%)
MLCF 24.05 Increased By ▲ 0.45 (1.91%)
OGDC 71.13 Decreased By ▼ -0.44 (-0.61%)
PAEL 15.34 Increased By ▲ 0.14 (0.92%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 16.08 Increased By ▲ 0.25 (1.58%)
SILK 1.13 Increased By ▲ 0.08 (7.62%)
TELE 9.07 Increased By ▲ 0.08 (0.89%)
TPL 7.09 Decreased By ▼ -0.07 (-0.98%)
TPLP 19.09 Decreased By ▼ -0.09 (-0.47%)
TREET 21.20 Increased By ▲ 0.06 (0.28%)
TRG 139.80 Increased By ▲ 3.30 (2.42%)
UNITY 16.77 Increased By ▲ 0.01 (0.06%)
WAVES 9.41 Increased By ▲ 0.26 (2.84%)
WTL 1.36 Decreased By ▼ -0.02 (-1.45%)
BR100 4,186 Increased By 30.5 (0.73%)
BR30 15,467 Increased By 131.3 (0.86%)
KSE100 41,819 Increased By 279.4 (0.67%)
KSE30 15,448 Increased By 82.9 (0.54%)
Follow us

DHAKA/MUMBAI/BANGKOK/HANOI: Rice export prices from top exporter India edged higher this week as inadequate rainfall in key growing regions raised concerns over supply.

India’s 5% broken parboiled variety was quoted at $364 to $370 per tonne, up from last week’s $362-$368, also taking cues from an appreciation in the rupee.

Indian farmers have planted 23.16 million hectares with the grain so far this season, farm ministry data showed last week, down 13.2% from the same period last year due to scanty rainfall.

“Market has been trying to adjust to potential loss in the production. We don’t know how big it would be,” said an exporter based at Kakinada in the southern state of Andhra Pradesh. Meanwhile, output from neighbouring Bangladesh, which has been trying to shore up stocks depleted by flooding, could fall 1% to 35.6 million tonnes in the year to April from the corresponding period last year, the US Department of Agriculture said in its latest report.

This shortfall could further hinder the country’s attempts to rein in a surge in domestic prices, with a recent plan to allow private traders to import rice especially from India, failing to attract many takers due to the local currency’s depreciation against the dollar.

Thailand’s 5% broken rice prices rose to $412-$425 per tonne from $400 last week, attributed to higher (free-on-board) FOB rates amid a pickup in demand. New supply is expected next week, a Bangkok-based trader said. Vietnam’s 5% broken rice was offered at $395-$400 per tonne, versus last week’s $395-$413.

“Trading activity remains quiet as Vietnamese prices remain higher than those of other exporting countries,” a Ho Chi Minh City-based trader said. Preliminary data showed 134,250 tonnes of rice to be loaded at Ho Chi Minh City port in the first half of August, with most of it heading to the Philippines and Africa.

Comments

Comments are closed.

Asia rice: Scant rainfall lifts India export rates

Finance Minister Dar briefs President Alvi on country’s economic situation

Arshad Sharif murder case: Supreme Court orders formation of new JIT

Rupee registers marginal decline, settles at 224.16 against US dollar

President for improving Pakistan’s IT ecosystem to facilitate growth

ECP supports use of electronic voting machines: Chief Election Commissioner

China announces nationwide loosening of Covid restrictions

UNGA adopts Pakistan-piloted resolution to bolster UN’s relief system

Japan announces additional $38.9mn for flood victims

One killed as Bangladesh police fire at opposition rally

Oil dips, hits lowest since January as U.S. data fans fuel demand fears