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S&P Global expects rice prices to be pressured in 2025 by India's bumper kharif harvest and its decision to lift the white rice export ban and scrap the parboiled export duty. Traders say the Indian market will stay bearish until the first quarter of 2025, and exports from Pakistan are projected to fall 12.3% year on year.
Indonesia's rice imports are expected to drop to 2 million tonnes in 2024-25.
Renewed Indian supply competes directly with other exporters' rice and lowers global rice prices, cutting into the value of rice-based feed ingredients.
spglobal.comDec 11, 2024After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
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.
