Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Rice export prices in top-hub India edged higher this week as floods and surging coronavirus cases hammered supply and export logistics.
India's 5 per cent broken parboiled variety rose to $383-$389 per tonne from last week's $382-$387, with exporters struggling to fulfil orders due to limited availability of containers and workers at the country's biggest rice handling port, Kakinada, in the state of Andhra Pradesh.
“Demand is huge for Indian rice due to lower prices, but exports are getting affected by floods and the coronavirus outbreak in Andhra Pradesh,” said Nitin Gupta, vice president for Olam India's rice business.
With 2.84 million total Covid-19 cases, India is the worst-hit country in Asia and third only behind the U.S. and Brazil in terms of the number of cases.
Floods in neighbouring Bangladesh damaged rice crops worth 363.34 billion taka ($4.29 billion) on around 100,000 hectares, Agriculture Minister Abdur Razzaque said.
Bangladesh, the world's third biggest rice producer, often relies on imports to cope with shortages caused by floods and droughts.
Meanwhile, Vietnam's 5% broken rice rates were unchanged at $480-$490 a tonne on Thursday, its highest since late 2011.
“Supplies are thin as local traders have increased their purchases recently and the summer-autumn harvest has ended,” a trader based in Ho Chi Minh city said.
The return of the novel coronavirus to Vietnam late last month has also prompted the hoarding of rice domestically, the trader noted.
Traders expect prices to stay elevated for the next few months until a new harvest in October.
Supply concerns also pushed Thailand's benchmark 5% broken rice prices up to $480-500, its highest since July 2, from $465-$500 last week,
“It seems like the rice harvest in the provinces will not be so great,” a Bangkok-based trader said.
Demand for Thai rice has remained flat this week as prices were high, traders said. (
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor