Rice prices – The News Desk

Production of rice, the biggest cereal grown during the kharif season, could drop by 3.79 per cent in the 2023-24 season to 106.31 million tonnes, compared with 110.5 million tonnes, according to the final estimate for 2022-23. This decline is attributed to an uneven monsoon, despite higher than usual acreage. According to the first advanced estimate of kharif foodgrain production released late last night, production of all major kharif crops this year may decline, with moong, urad, soybean, and sugarcane leading the pack. The decline is due to a prolonged dry spell in August and an uneven monsoon at the start of the season. Earlier, an assessment by the United States Department of Agriculture (USDA) indicated that rice production this kharif season mi...

By Ben Sharples and Anuradha Raghu In about six weeks, India has rattled the rice market. The world’s top shipper has placed restrictions on all of its exports, panicking governments from Asia to West Africa. Other big growers have tried to reassure consumers that rice supply is ample, but it’s done little to calm the market. Rice prices in Asia jumped back near the highest level in almost 15 years on Wednesday after India slapped more curbs on parboiled and basmati over the previous weekend. They were the last remaining varieties free from export restrictions, bringing to a head a recent campaign of tightening that started with a July 20 ban on the shipment of some grains. “Spikes in rice prices always hurt poor consumers the most,” said Peter...

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Kharif crop yields, including rice, may drop due to uneven monsoon

Rice prices in Asia hit 15-yr high after India’s 6-week campaign of curbs