India rice prices climb.

Byline: S. Kamal Hayder Kazmi

Rice export prices in India rose to their highest level in more than seven months as the rupee appreciated, denting demand, while trading companies in Vietnam increased domestic buying to fulfil new overseas deals.

India's 5 percent broken parboiled variety was quoted around $392-$395 per tonne this week, up from $386-$389 last week.

The Indian rupee was trading near its highest level in seven months, trimming returns from overseas sales for traders in the world's largest rice exporter.

In Vietnam, rates for 5 percent broken rice were in line with last week's $360 a tonne.

Vietnam, the world's third largest rice exporter, has shipped more than 200,000 tonnes of rice...