<p>Top rice exporter India's export curbs forced buyers to switch to rival suppliers, boosting rates for the staple from other Asian hubs this week.</p>.<p>Last week, India banned exports of broken rice and imposed a 20 per cent duty on exports of various grades as it tries to augment supplies and cool local prices after scanty rainfall curtailed planting.</p>.<p>Rice loading has stopped at Indian ports and nearly one million tonnes trapped as buyers refuse to pay the new levy.</p>.<p>Following the development, Indian traders were not signing new deals this week.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/indias-rice-export-curbs-paralyse-trade-in-asia-as-prices-rise-1144405.html">India's rice export curbs paralyse trade in Asia as prices rise</a></strong></p>.<p>The market was shocked by the restrictions and traders were trying to find ways to fulfil already signed contracts, a Mumbai-based dealer with a global trading firm said.</p>.<p>India's 5 per cent broken parboiled variety <RI-INBKN5-P1> was quoted at $385-$392 per tonne, versus last week's $379-$387.</p>.<p>The country's exports could fall by around a quarter this year as buyers switch to cheaper options.</p>.<p>Vietnam's 5 per cent broken rice <RI-VNBKN5-P1> prices rose to $400-$410 per tonne from $390-$393 in the previous week.</p>.<p>A trader said that while India's move has raised Vietnamese rates, shipments were yet to see an uptick.</p>.<p>"Exporters in Vietnam are not rushing to sign new contracts in anticipation of higher prices over the coming weeks," another trader said.</p>.<p>Thailand's 5 per cent broken rice prices <RI-THBKN5-P1> gained to $425-$435 per tonne from $416-$420 last week.</p>.<p>"Rice supply has been slowed by the flood, heavy rains and some transport problems," a Bangkok-based trader said.</p>.<p>Another trader said overseas markets were also keeping a tab on developments surrounding India, which have prompted some customers to opt for Thai rice.</p>.<p>Bangladesh was also in talks to import rice from Thailand after finalising deals with Vietnam, Myanmar and India for a total of 530,000 tonnes, a senior food ministry official in Bangladesh said.</p>.<p>"We're trying to import rice from Thailand in a government-to-government deal. They have responded positively."</p>
<p>Top rice exporter India's export curbs forced buyers to switch to rival suppliers, boosting rates for the staple from other Asian hubs this week.</p>.<p>Last week, India banned exports of broken rice and imposed a 20 per cent duty on exports of various grades as it tries to augment supplies and cool local prices after scanty rainfall curtailed planting.</p>.<p>Rice loading has stopped at Indian ports and nearly one million tonnes trapped as buyers refuse to pay the new levy.</p>.<p>Following the development, Indian traders were not signing new deals this week.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/indias-rice-export-curbs-paralyse-trade-in-asia-as-prices-rise-1144405.html">India's rice export curbs paralyse trade in Asia as prices rise</a></strong></p>.<p>The market was shocked by the restrictions and traders were trying to find ways to fulfil already signed contracts, a Mumbai-based dealer with a global trading firm said.</p>.<p>India's 5 per cent broken parboiled variety <RI-INBKN5-P1> was quoted at $385-$392 per tonne, versus last week's $379-$387.</p>.<p>The country's exports could fall by around a quarter this year as buyers switch to cheaper options.</p>.<p>Vietnam's 5 per cent broken rice <RI-VNBKN5-P1> prices rose to $400-$410 per tonne from $390-$393 in the previous week.</p>.<p>A trader said that while India's move has raised Vietnamese rates, shipments were yet to see an uptick.</p>.<p>"Exporters in Vietnam are not rushing to sign new contracts in anticipation of higher prices over the coming weeks," another trader said.</p>.<p>Thailand's 5 per cent broken rice prices <RI-THBKN5-P1> gained to $425-$435 per tonne from $416-$420 last week.</p>.<p>"Rice supply has been slowed by the flood, heavy rains and some transport problems," a Bangkok-based trader said.</p>.<p>Another trader said overseas markets were also keeping a tab on developments surrounding India, which have prompted some customers to opt for Thai rice.</p>.<p>Bangladesh was also in talks to import rice from Thailand after finalising deals with Vietnam, Myanmar and India for a total of 530,000 tonnes, a senior food ministry official in Bangladesh said.</p>.<p>"We're trying to import rice from Thailand in a government-to-government deal. They have responded positively."</p>