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An IRRI analysis notes world rice prices rose sharply since 2022 on El Niño and Indian export curbs, but have declined since January 2024 as El Niño ended. Fertilizer prices have also eased from their 2022 peaks.
Easing weather and input costs support expectations that rice prices will stabilize or decline, which is bearish for rice buyers' costs.
ricetoday.irri.orgJul 2, 2024Not enough comparable past events yet for a historical read.
Not 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.
