Despite concerns about the impact of weather-related problems on paddy cultivation in Asia this year, rice-importing countries are staunchly opposing any price increases. According to exporters, while domestic rice prices have risen, the global market is declining. “International buyers are looking for lower-cost rice.” Rates have been reduced by 5-10%. This is primarily due to a decrease in freight charges, which have softened. “Prices are high in the domestic market,” said VR Vidya Sagar, Director of Bulk Logix.
“A few days ago, our 5% parboiled rice prices increased to $385 per tonne, resulting in no buyer showing up.” “Prices have…
