Bears continue to dominate global rice market
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The global rice market continues to be in the grips of bears, with prices ruling almost unchanged or undergoing minor changes over the past 3-4 weeks.
The global rice market continues to be in the grips of bears, with prices ruling almost unchanged or undergoing minor changes over the past 3-4 weeks.
Industry sources say the demand has been slack in Africa and South-East Asia. Buyers and sellers are exercising caution in trade.
“There should not be any misconception about a near-term recovery or a surge in prices in Africa, particularly Benin. All stakeholders have turned cautious,” said Rajesh Jain Paharia, a New Delhi-based trader.
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Source : The Hindu Business line
