White rice price dips as India lifts banListen to this articleThe domestic price of Thai white rice has begun to decrease following India's resumption of non-basmati white rice exports. However, this shift has yet to affect this year's rice export volume, according to Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association. "Buyers and sellers are evaluating the potential impact of increased Indian rice supplies and are uncertain about the actual sales price of Indian rice exporters," he said. Lifting the export ban increased the global supply of white rice by up to 5-6 million tonnes. Rice exports in the first eight months of 2024 tallied 6.57 million tonnes, up 1.28 million tonnes or 24% year- on-year.

Source: Bangkok Post October 07, 2024 06:35 UTC