Global Rice Prices Decline After India Lifts Export Ban

29-Mar-2025 10:43 AM

Global Rice Prices Decline After India Lifts Export Ban
★ The global supply of rice has increased following India's decision to lift its export ban, leading to a decline in rice prices in both domestic and international markets. However, market experts believe that prices may recover in the long run due to rising demand.
★ On March 7, the Indian government announced the removal of the export ban on broken rice, which resulted in a significant drop in rice prices exported from Vietnam, Thailand, and Pakistan.