India’s broken parboiled variety quoted

· 2 global agencies upgrade Indian rice, maize output outlook. FAO and USDA say ‘favourable’ rabi crop has made up for the kharif loss.
· India’s rice export prices extended their decline this week as demand from key importing countries faltered, while supplies in Vietnam boomed due to peaking winter-spring harvest in the Mekong Delta.
· India’s 5% broken parboiled variety was quoted at $385-$390 per tonne this week from last week’s $390-$395.
· In Vietnam, the 5% broken rice was offered at $440-$445 per tonne, unchanged from a week ago.
· The Thailand’s 5% broken rice prices was quoted at $460 per tonne, little changed from $450 to $460 seen last week.
· In Bangladesh domestic rice prices stayed elevated, despite efforts to cool rates of the staple grain.The government has allowed private traders to import rice while it’s also buying from the key exporting countries such as Vietnam, India and Myanmar.