Tag: basmati 1509
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India: Basmati prices surge amid fragile ceasefire and supply uncertainty
Sharp w-o-w gains reflect bullish miller sentiment, tight supply conditions Freight volatility and geopolitical risks continue to cloud export visibility India’s basmati rice market witnessed a sharp rally this week, with prices rising by $50-70/tonne (t) over the past two days, driven by renewed bullish sentiment among millers and expectations of demand recovery. The increase…