An Indian rice exporter said he has signed contracts to sell 300,000 tons of non-basmati rice to African countries after India last week approved 2 million tons of non-basmati rice for export under Open General Licenses (OGL). The 300,000 tons of non-basmati rice is said to be priced at $460 to $500 per ton.  The shipments will be in small quantities and have already begun. 

Indian rice sellers today quoted 5% broken rice at about $470 - $480 per ton.  

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