Indian, Pakistani basmati rice markets bullish despite Middle East ceasefire

Basmati rice prices in India and Pakistan have firmed in recent weeks on strong Middle East demand and tighter prompt availability, as high raw material costs and ongoing logistical challenges offset the temporary relief from the ceasefire, exporters and trade sources told Platts, part of S&P Global Energy, April 9. Following the outbreak of the war in late February, basmati prices initiallyBasmati rice prices in India and Pakistan have firmed in recent weeks on strong Middle East demand and tighter prompt availability, as high raw material costs and ongoing logistical challenges offset the temporary relief from the ceasefire, exporters and trade sources told Platts, part of S&P Global Energy, April 9. Following the outbreak of the war in late February, basmati prices initiallyRead More