During this week rice prices rose is most of Assian countries and India’s para boiled variety slightly gained on improvement in demand. Increasing supply from new crop resticted the upside. Even after paying 20% export duty Indian Rice is cheaper than other countries rice in global market. India last month extended the curbs on rice exports with 20% export duty on para-boiled rice until March 2024. Prices rose in most of the exporting countries
due to continous demand. India’s 5% para-boiled broken variety was increased from $ 490-$ 500 in last week to $ 493 – $ 500 per ton.