Indian non-basmati rice prices fall to multiyear low amid Africa policy disruption, new crop arrivals

Indian non-basmati rice prices hit multiyear lows amid subdued domestic demand, as changing import policies in key African destinations like Senegal, Benin, and Burkina Faso, combined with new crop arrivals, weighed on the market, Platts data showed. Platts-assessed India Parboiled 5% rice fell by $44/mt since 2021 and $82/mt from 2018 to $324/mt FOB on May 5, according to Platts data. Mirroring aIndian non-basmati rice prices hit multiyear lows amid subdued domestic demand, as changing import policies in key African destinations like Senegal, Benin, and Burkina Faso, combined with new crop arrivals, weighed on the market, Platts data showed. Platts-assessed India Parboiled 5% rice fell by $44/mt since 2021 and $82/mt from 2018 to $324/mt FOB on May 5, according to Platts data. Mirroring aRead More