Asian rice markets face cost pressures as Middle East war lifts fuel prices

Rice markets across Asia are facing mounting cost pressures as rising local fuel prices and shortages — triggered by the ongoing Middle East conflict — drive up expenses, multiple Asia-based market sources told Platts, part of S&P Global Energy, on March 12. While weak international demand continues to weigh on FOB offers, rising local costs across major exporting origins are making it harderRice markets across Asia are facing mounting cost pressures as rising local fuel prices and shortages — triggered by the ongoing Middle East conflict — drive up expenses, multiple Asia-based market sources told Platts, part of S&P Global Energy, on March 12. While weak international demand continues to weigh on FOB offers, rising local costs across major exporting origins are making it harderRead More