Tag: rice supply glut
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Asian rice prices hit multi-year lows as global demand weakens
Thailand’s prices plunge to 18-year low amid supply glut Indian prices fall to lowest since 2016 on cautious demand Rice prices across Asia have plunged to multi-year lows, led by Thailand’s benchmark 5% broken variety dropping to $335-340/tonne (t), the lowest since 2007. Abundant supplies, slow overseas demand, and import restrictions from key buyers have…