Agricultural #rice#prices
Indian rice prices rise on El Nino factor but remain most competitive on f.o.b basis
Indian non-basmati rice prices have risen by over $18 per tonne in recent weeks due to El Nino concerns, but remain the most competitive on a free-on-board (f.o.b.) basis. The monsoon deficit and domestic price increases support prices, while carryover inventories prevent a return to historical peaks. BMI raised its price forecast, and India is expected to retain a 42% global market share.
Jul 29, 2026 1 source