Indian rice traders hike prices to mirror higher export duty

Top exporter India’s rice export prices rose this week as traders factored in higher duty on rice shipments, while demand remained lacklustre in Thailand. India’s 5% broken parboiled variety RI-INBKN5-P1 was quoted at $550-$558 per ton this week, up from last week’s $543-$550. Earlier this month, prices hit a record high of $560. “We’ve had ...