Excess Supply, Weak Rupee Pull Down Indian Rice Export Prices
08-Aug-2025 11:29 AM
Hyderabad. The export offer price of Indian rice has come down to the lowest level in the last three years due to easy supply and availability in the domestic sector and weakening of rupee exchange rate against dollar.
On the other hand, due to Philippines suspending rice imports to protect the interests of its paddy producing farmers, the export offer price of this important food grain has also come down in Vietnam, while the price of rice in Thailand remains almost stable.
According to informed sources, the export offer price of 5 percent broken Sela rice of India has now come down to $ 369-374 per tonne, which is the lowest level since August 2022. Last week this offer price was running at $ 375-380 per tonne.
The export offer price of 5 percent broken white rice of India is said to be $ 360-368 per tonne. The president of the Rice Exporters Association says that the weakening of the rupee exchange rate is giving Indian exporters an opportunity to reduce the offer price of rice.
As a result, the competitiveness of Indian rice has increased compared to other supplier countries. India has a huge exportable stock of rice and there is no problem of its supply.
The value of the Indian rupee has fallen to a record low against the dollar. The demand for Indian rice in the US is likely to weaken because a high rate tariff has been imposed on it there.
On the other hand, the export offer price of 5 percent broken rice in Vietnam has come down from $ 395-400 per tonne last week to $ 391 per tonne now because its major buyer country - Philippines has suspended rice imports for some time. According to official data,
Vietnamese rice exports increased by 4.2 percent to 7.82 lakh tonnes in July this year compared to last year. With this, total Vietnamese rice exports in the first 7 months of the current year rose by 3.7 percent to 5.5 million tons.
The export offer price of Thailand's 5 percent broken rice was recorded at $370 per tonne, while it was hovering between $370-375 per tonne last week.