Asia rice: India rates extend rally on low supplies; Thai prices ease – Markets

Parboiled rice export prices from India extended their record rally this week, driven by tight supplies and firm demand due to higher prices in other hubs, while Thai rates slipped as new supply from fresh harvests trickled in.

Top exporter India’s 5% broken parboiled variety was quoted at a record $537 to $546 per ton this week, up from last week’s $533 to $542.

“Indian prices are…