India's 5% Broken Parboiled Rice Prices Drop Slightly Amid Weak Demand and Higher Freight Rates

Rice

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India's 5% broken parboiled rice was priced at $539-$545 per MT this week, down from $541-$548 per MT last week due to lower demand caused by higher freight rates and the depreciating rupee. Demand has been weak for several weeks, with buyers delaying purchases after heavy buying in May.