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Indian parboiled 5% rice fell to $429/mt FOB on January 31, an 18-month low, as overseas demand weakened amid oversupply in West African markets. Market participants attributed the glut largely to heavy Indian exports bought when prices were low.
Oversupply in West Africa and cheap Indian origin prices point to continued downward pressure on global rice prices, with lower prices possibly drawing more export demand.
spglobal.comJan 31, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
