India prices drop to 5-month low; Vietnam hits multi-year high.

Rice prices in top exporter India fell this week to their lowest in five months as the rupee depreciated, while rates in Vietnam hit a four-year high amid stronger demand and limited supplies. The continuous correction in the rupee has allowed exporters to reduce export prices in dollar terms. The rupee has fallen about 6 percent so far in 2018 to its lowest in 16 months, increasing exporters’ margins from overseas sales.