# Indian parboiled rice prices hit 18-month low amid oversupply in west African markets

> 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.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: market · region West Africa · magnitude low
- Page: https://feedsoft.ai/events/26581-indian-parboiled-rice-prices-hit-18-month-low-amid-oversupply-in-west-african
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/013125-indian-parboiled-rice-prices-hit-18-month-low-amid-oversupply-in-west-african-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.