Global grain prices likely to decline 6.5 per cent in 2024
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But rice may buck the trend on Indian export curs, El Nino impact
Grain prices in the global market will likely decline in 2024, though rice will be an exception in view of India’s export curbs and concerns over the impact of El Nino, the World Bank and research agency BMI, a unit of Fitch Solutions, have said.
However, the World Bank Commodity Outlook said higher rice prices in 2024 are forecast to be offset by the continued decline in maize and wheat prices due to improving global grain supplies.
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