Business »  Topic »  Locked-down India rice rates hit 3-month low; Thai prices off 6-1/2-year peaks

Locked-down India rice rates hit 3-month low; Thai prices off 6-1/2-year peaks


A nationwide lockdown in leading rice exporter India to curtail the spread of the coronavirus pushed export prices to the lowest in about three months, while rates for the Thai variety came off multi-year peaks due to fluctuations in the local currency.

Health researchers have warned that more than a million people in India could be infected with the coronavirus by mid-May, prompting the government to order a 21-day lockdown and shut down all air and train travel, businesses and schools.

India's 5% broken parboiled variety rates narrowed to $361-$365 per tonne this week - their lowest since late ...


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