India rice prices stay below global average

India's rice prices remain around 10 per cent below the global average despite a projected decline in global rice production and rising international prices, the Indian Rice Exporters' Federation (IREF) said in a press release on Friday.

India's 5 per cent broken white rice was quoted at USD 385-390 per metric tonne, compared with USD 440-450 for Vietnam and approximately USD 480 for Thailand, according to the release. Indian rice retained its price advantage even as prices reached their highest level in more than a year.