Rice market in turmoil

· Rice market in turmoil as India curtails exports.
· India’s rice export ban revives the conversation about the crop’s vast ecological footprint.
· IMF’s advice to India unsolicited.
· Nepal’s Trader Hikes The Prices Of Rice as India Bans Its Export.
· Rice prices skyrocket in Thailand due to drought effects and export ban
Kharif rice sowing area increased by 297.1%
Asia rice weekly updates:
· The price of Vietnam’s 5% broken rice increased to 550-575 USD per tonne on July 27, the highest since 2011. In the week earlier, it was just 515-525 USD per tonne.
· Meanwhile, Thailand’s 5% broken rice prices also increased to 605-610 USD per tonne on July 27, the highest in the last 11 years.
· India issued a ban on rice export, aiming to ensure adequate domestic availability at reasonable prices. The ban pushed its rice prices to 445-450 USD per tonne – a record high in the last five years and a half.
· According to the Vietnam Food Association, rice prices in the domestic market have also increased sharply.
· For example, the price of 5% broken rice is 12,500 VND (0.53 USD) per kg, the average price is 12,304 VND per kg, an increase of 754 VND per kg. /