Tag: basmati rice prices
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India: Basmati rice market remains firm as old-crop availability tightens
Basmati prices stayed firm on tight old-crop availability. Higher new-crop supply may cap further gains. India’s basmati rice market remained firm during the week ended August 14, supported by tightening old-crop availability and steady demand for premium varieties. However, the market has yet to enter a strong bullish phase as expectations of higher new-crop acreage…