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…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…Read More