Chhattisgarh: Rice prices under pressure amid weak demand, ample supply
- Chhattisgarh's IR64 5% broken parboiled rice was quoted at INR 2,730-2,740/quintal in the domestic market, down by about INR 10/quintal w-o-w. Port prices also softened by $1-2/t w-o-w.
- At Vizag Port, container availability remained tight, while rice supply was ample and demand subdued. Sellers and buyers struggled to settle on prices. Meanwhile, several mills undertook shutdowns/maintenance due to low demand and surplus availability.