Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in other top exporters remained relatively muted. Rates for India’s 5 percent broken parboiled variety dropped by $10 to $394-$398 per tonne. Indian rice is very competitive compared to supplies from Thailand and Vietnam. Export orders have improved as in dollar terms Indian prices have been falling. The rupee has fallen nearly 7 percent so far in 2018, increasing exporters’ margins from overseas sales. Meanwhile, summer rice output in neighbouring Bangladesh is likely to hit 19.7 million tonnes, exceeding the target of 19 million tonnes, as farmers raised acreage to cash in on higher prices