Italian rice prices in the Lomellina region have fallen by up to 40 per cent compared with last year, according to a Cremona-Mantua-Pavia Chamber of Commerce analysis with BMTI. Prices showed some signs of recovery by mid-October on processing demand, while energy and transport costs keep rising.
Lower domestic paddy prices reduce cost for Italian rice millers and feed users, but Turkey's new customs tariff regime could hit demand for the Baldo variety. The effect on global rice benchmarks is small.
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