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Prices of parboiled rice exported from India climbed to over two-month highs this week, following higher rates in other hubs, as traders in Vietnam and Thailand stare at improved demand in the face of limited supplies.

LOS ANGELES (Reuters) -Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.

January's rice harvest is expected to produce 930,000 tons, with February's estimated to produce 1.32 million tons, against monthly consumption of 2.54 million tons