India rice shipments slow as stronger rupee lifts export prices.

India’s non-basmati rice exports are likely to slow over the next few months as its shipments of the grain have become too expensive on the world market due to a rally in the rupee and an increase in local paddy prices. Lower shipments from the world’s biggest rice exporter will give rivals Vietnam, Thailand and Cambodia a chance to raise their share of the global market. Other origins are cheaper than India. There will be definitely a slowdown in exports. India is offering 5% broken parboiled rice this week at around $410 a tonne, free-on-board (FOB) from Kakinada port on the east coast. In comparison, Thai rice was offered at between $390 and $392 a tonne, and Vietnam rice was quoted at $400 to $405 a tonne.