Rice export prices in India dropped for a second week on sluggish demand and a weaker rupee, while Thailand rates surged amid supply woes and fresh deals buoyed Vietnamese rates. The falling rupee has allowed exporters to sign deals at lower prices without reducing net revenue. The dollar rose to the highest in nearly seven months, pushing up prices in dollar terms. Also weighing on Indian exports was weak demand from Bangladesh, which had emerged as a major importer since 2017 after floods depleted stocks. India had accounted for over two-thirds of Bangladesh’s imports due to lower freight charges.