# Ups and downs in the world rice market – Rice Today

> 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.

- Date: 2024-07-02 · published 2024-07-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29324-ups-and-downs-in-the-world-rice-market-rice-today
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Easing weather and input costs support expectations that rice prices will stabilize or decline, which is bearish for rice buyers' costs.

## Read by commodity

- RICE: bearish ▼
- UREA: bearish ▼

## Sources

- ricetoday.irri.org: https://www.ricetoday.irri.org/ups-and-downs-in-the-world-rice-market/

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