Rice export rates in India rose this week from a one-year low hit last week as weaker prices attracted buyers from Africa, while Bangladesh said it would cancel a deal with the top exporter due to shipment delays. African buyers are turning to India due to the recent price fall. In the last few days, inquiries have risen from buyers. Even after this week’s rise, Indian rice is competitive in the world market due to a depreciating rupee. The rupee has fallen more than 6% so far in 2018, increasing exporters’ margins from overseas sales. India’s exports in April jumped over 12 percent from a year earlier to 989,848 tonnes. Meanwhile, Bangladesh will cancel a deal with India to import 150,000 tonnes, Badrul Hasan, the head of Bangladesh’s state grain buyer. The agreement with India’s state-run National Agricultural Cooperative Marketing Federation (NAFED) was signed in December as Bangladesh raced to shore up depleted stocks and combat record domestic prices of the staple after floods last year.