Global rice prices may gain in Q3 after clear picture on weather, production emerges
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Global rice prices have recently fallen below $600/tonne. However, analysts anticipate a rebound by June-July as clarity emerges on production and monsoon patterns in Asia. This drop reflects current market conditions, but the outlook remains uncertain pending further information on Asia’s agricultural situation.
Rice prices in the global market have currently dropped to levels of $600/tonne and below but they will likely gain around June-July when a clear picture emerges on production and monsoon behaviour in Asia.
