Parboiled rice rates spring to record highs on dwindling supplies, firm demand
Jan 25 (Reuters) – Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand. India’s 5% broken parboiled variety was quoted at record $533-$542 per ton this week, up from last week’s $525-$535. “Supplies in the market are limited since the government’s paddy buying is leaving little for private players. Additionally, rice milling of the new season crop is currently underway, further reducing the availability of milled rice,” said Nitin Gupta, senior vice president of Olam Agri