Platts-assessed Asian rice prices plunge to multi-month low amid India’s export ban U-turn
October 10, 2024 Comments Off
Asian rice prices have plunged to multi-month lows following India’s decision to lift its export ban on non-basmati white rice, sparking increased competition among major exporters like Pakistan, Myanmar, and Thailand, market sources told S&P Global Commodity Insights. As buyers shift to more competitive origins, the global rice market faces heightened pricing pressure, potentially reshaping trade dynamics. India has lifted…
Platts-assessed Asian rice prices plunge to multi-month low amid India’s export ban U-turn
Asian rice prices have plunged to multi-month lows following India’s decision to lift its export ban on non-basmati white rice, sparking increased competition among major exporters like Pakistan, Myanmar, and Thailand, market sources told S&P Global Commodity Insights. As buyers shift to more competitive origins, the global rice market faces heightened pricing pressure, potentially reshaping trade dynamics. India has lifted…
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