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Economy

India rice prices dip on rupee dive, fresh supply prospects weigh on Thai rates

Updated : June 28, 2018 04:10 PM IST

Prices of India's 5 percent broken parboiled variety fell by $2 to $392-$396 per tonne, the lowest in more than a year, as the rupee slumped to a record low, allowing traders to cut prices.
The Indian rupee has declined about eight percent so far in 2018, increasing exporters' returns from overseas sales.
India rice prices dip on rupee dive, fresh supply prospects weigh on Thai rates
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