FAO says India Jan-Aug avg export price of non-basmati rice up 7%.

The average export price of 25% broken non-basmati rice from India rose 7% on year to $383 per tn in Jan-Aug, the United Nations’ Food and Agriculture Organization. However, export price of 25% broken non-basmati Indian rice was $373 per tn in August, down from $388 in the previous month. August witnessed the sharpest monthly fall in export price for Indian non-basmati rice this year because of rupee depreciation and lacklustre buying interest. Export price of Indian non-basmati rice was comparatively higher in July, in reaction to the Indian government’s move of hiking the minimum support price for common grade paddy by 200 rupees per 100 kg to 1,750 rupees for the 2018-19 season. The minimum support price for fine grade paddy was raised by 180 rupees per 100 kg to 1,770 rupees.