India's 5% Broken Parboiled Rice Increased to $550-$558 per MT This Week


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This week, India's 5% broken parboiled rice was priced at $550-$558 per MT, showing an increase from the previous week's range of $543-$550 per MT. Indian rice exporters adjusting their prices due to the higher duties implied on rice shipments. This adjustment comes as the government considering transactional value instead of free on board (FOB) value to calculate 20% export duty.