West African parboiled rice 5% prices fall to lowest level in 10 months

The price of Platts parboiled 5% STX CFR Cotonou rice has dropped to $561 per metric ton, marking its lowest level in the last 10 months from Jan. 16 to Oct. 9, influenced by India’s recent export duty cuts, according to S&P Global Commodity Insights, India reduced its export duty to 10% from 20% on Sept. 27 and lifted the…The price of Platts parboiled 5% STX CFR Cotonou rice has dropped to $561 per metric ton, marking its lowest level in the last 10 months from Jan. 16 to Oct. 9, influenced by India’s recent export duty cuts, according to S&P Global Commodity Insights, India reduced its export duty to 10% from 20% on Sept. 27 and lifted the…Read More