Global rice market continues pressured and with adjustments

The International Grains Council reported that its sub-index of the cereal fell by 1% in November, an effect of slower activity and seasonal factors, although it observed signs of recovery after the international price reached the lowest level in eight years. The entity reported that, in Thailand, delays in the new crop harvest and sales expectations for Asia sustained an increase in 5% broken white rice. In India, the larger supply of the kharif crop reduced the value of white rice, while parboiled rice advanced due to domestic market scarcity and demand from neighboring countries. In the United States, the report highlighted that demand from buyers in the Asia-Pacific elevated medium grain rice offers to the highest level in 15 months. In parallel, the United Nations Food and Agriculture Organization recorded a global decline in October, with more intense drops in sticky rice and the continuing downward trajectory of Indica, which reached its lowest level since 2019. The ...