Latest News Updates on July 18, 2024

The price of Indian Basmati rice exports is set to become more affordable as exports have fallen, leading to a decrease in prices. This comes following a surge in stocks that has prompted New Delhi to consider easing export restrictions. In contrast, Thai rice rates have also dropped to an 8-month low due to weaker demand and higher supply in the market.

This shift in the rice market is expected to benefit consumers and businesses alike, with the lower prices making Indian Basmati rice more accessible both domestically and internationally. As the global rice trade landscape evolves, it will be interesting to see how this trend impacts the industry and the economy as a whole.

Stay tuned for more updates on this developing story and how it may affect the rice market in the coming weeks.