India, April 22 -- Export prices for rice from top exporter India continued decline on weak demand. India's 5 per cent broken parboiled variety was quoted around $377-$380 per tonne down from last week's $387-$390.Demand from African buyers was weak as they have ample inventories. Aggressive selling of old inventories by China at lower prices has also weighed on prices trade sources said.The country s rice exports for April-February dropped 9.4 per cent from a year earlier to 10.57 million tonnes as leading buyer Bangladesh trimmed its purchases due to a bumper local harvest a government body said.
Published by HT Digital Content Services with permission from Commodity Online....