Global rice prices likely to rule firm until mid-2024
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Rice prices in the global market are likely to rule firm until mid-2024 with India’s export curbs expected to last, at least, until Parliament elections, scheduled in April-May 2024, and El Nino risks supporting the uptrend, analysts and exports say.
“It is our view that India’s rice export restrictions will remain in effect until after the April-May legislative elections at the earliest, which will support prices at recent levels as will El Niño risks,” said research agency BMI, a unit of Fitch Solutions…..
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