India, Vietnam rice export prices unchanged

Prices of rice exported from India and Vietnam were stagnant this week as high prices deterred buyers, while Thai rates were at a five-week-low on muted demand, reports Reuters.

India's 5% broken parboiled variety was quoted at $355-$360 per ton, unchanged from the last week. Indian 5% broken white rice was priced at $350-$355 per ton.

The prices were steady near their highest level in three months as demand was subdued.

"Buyers are reluctant to place orders at the current price levels. They are seeking lower prices, but sellers are unable to offer them as the rupee is appreciating," said a Kolkata-based exporter.

Meanwhile, Vietnam's 5% broken rice was offered at $360-$365 per metric ton, unchanged from a week ago, according to traders.

"Traders are slowing down their activities on weak external demand," a Ho Chi Minh City-based trader said.

Thailand's 5% broken rice was quoted at $385 per ton, a five-week-low, and down from $410 last week.

Demand has been quiet since the start of the year, a Bangkok-based trader said. There was news that India would open an auction, so exporters are waiting to see process, the trader added.