Indian rice export prices rose for a third straight week, on a higher reserve price for the commodity sold under the government's Open Market Sale Scheme (OMSS) and concerns that weak monsoon rains could delay planting. India's 5% broken parboiled variety was quoted at $352-$357 per ton the week till Thursday, up from last week's $348-$352. Indian 5% broken white rice was priced at $353-$357.
"The market had expected lower OMSS reserve prices, but the government's decision to raise them lifted open market prices," said a Kolkata-based trader.
