China emerges as key driver for Asian rice markets amid competitive pricing

China’s rising rice imports are set to create fresh opportunities for Asian exporters, as weak global prices and attractive price gaps are driving Beijing’s overseas buying spree, trade sources told Platts, Feb. 4. Despite strong domestic output, China is expected to ramp up overseas purchases at an unprecedented pace. China imported 2.74 million metric tons of rice, a 119% jump year over year,China’s rising rice imports are set to create fresh opportunities for Asian exporters, as weak global prices and attractive price gaps are driving Beijing’s overseas buying spree, trade sources told Platts, Feb. 4. Despite strong domestic output, China is expected to ramp up overseas purchases at an unprecedented pace. China imported 2.74 million metric tons of rice, a 119% jump year over year,Read More