Rice prices surge towards $700 tonne as market digests of Indian export curbs
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Photo By Agrihunt
White rice and parboiled rice prices in the global market are heading towards $700 a tonne with Thailand leading the way hiking the cereal’s rate above $670 a tonne.
Prices in the global market have soared since July 20, when India banned exports of white rice and then, a week later imposed 20 per cent export duty on par-boiled rice shipments. It has also imposed a minimum export price of $1,200 for Basmati exports. White and parboiled rice are now quoted in the $670-690 range.
