Page 5 - Price Export News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rice export rates in Vietnam and Thailand have declined while India's restrictions on parboiled rice exports have halted activity. India's 5% broken rice remained at a static rate of $525-$535 per metric ton, near a record high. Vietnam's 5% broken rice was offered at $610-$620 per metric ton, a decrease from the previous week. Thailand's 5% broken rice prices dropped to $605 per metric ton due to a depreciating baht. Domestic rice prices in Bangladesh remained high despite good yield and record reserves.

India’s basmati rice exports of nearly $5 billion are testimony to what good public sector breeding and collaboration with industry can achieve.

The government also allowed exports of non-basmati rice to Bhutan (79,000 tonnes), Mauritius (14,000 tonnes) and Singapore (50,000 tonnes) through the National Cooperative Exports Ltd (NCEL). On September 9 last year, the government banned the export of broken rice to check rising retail prices and boost domestic supply.

Food prices: The United Nations Food and Agriculture Organization (FAO) reported that its world price index for food fell to a two-year low in August. The decline was driven by decreases in most food commodities, although rice and sugar prices increased. The overall index was 24% lower than its all-time high in March 2022.

Rest of World News: Singapore has expressed gratitude to India for exempting the country from its rice ban. The Singapore Embassy in India tweeted its appreciation, stati