Indian rice falls on weak demand; cyclone damages fields in Bangladesh.

Indian rice export prices extended losses for a second week as the rupee weakened and demand from Africa remained low, while a cyclone damaged paddy fields in neighboring Bangladesh. Top exporter India's 5% broken parboiled variety was quoted around $363-$368 per tonne, down from $365-$370 last week. In dollar terms, export prices are down due to the weak rupee. Local paddy rice prices are firm. Tepid demand from African countries for non-basmati rice has also played a role in dampening exports, which were down 29% year-on-year in August at 644,249 tonnes.

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