BENGALURU, India: Rice prices in top exporter India fell this week to their lowest in five months as the rupee depreciated, while rates in Vietnam hit a four-year high amid stronger demand and limited supplies. "Indian rice is becoming more competitive in the world market due to the falling rupee," said another exporter based at Kakinada. Meanwhile, in Vietnam, prices of 5% broken rice rose to $460-$465 per tonne from $455-$460 a week earlier. In Thailand, prices of 5% broken rice eased slightly to $435-$440 a tonne, free on board (FOB) Bangkok, from $435-$445 last week, on a weaker baht. Thailand, the world's second-biggest rice exporter, will hold an auction for the last 43,700 tonnes of rice fit for human consumption from state stockpiles on Friday.

Source: Bangkok Post May 17, 2018 12:00 UTC