Rice export costs in top exporter India declined this week to their lowest in almost seven months as call for continued to stagnate.
India’s 5 percent damaged parboiled variety turned into quoted around $362-$365 a tonne this week, down from remaining week’s $371-$374 for a sixth weekly decline, Reuters mentioned.
Weak demand from the West African market, Aggressive promoting of antique inventories by way of China to African customers and depreciation within the rupee are weighing on costs, export resources said.
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