The price of broken rice increased by 2.4% on the global stock market during January 2024
Rice
Egypt
Market & Price Trends
Published Feb 23, 2024
Tridge summary
A report from the Food Industry Chamber of the Federation of Industries reveals a rise in broken rice prices in January 2024. The price of '5% broken' rice increased by 2.4% to $660 per ton, '25% broken' rice rose by 1.8% to $620, and '100% broken' rice, the finest type, saw a 3% increase to $648.8 per ton. The report also notes an increasing global demand for rice and the impact of climate change on rice production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
A report by the Food Industry Chamber of the Federation of Industries revealed that broken rice prices rose by 2.4% during January 2024 trading, with a ton of “5% broken” rice recording $660 compared to $644 in December 2023. The report added that the price of rice with a fraction of 25% was recorded in global trading during the month of January 2024 at a value of $620, compared to $610 in the month of December 2023, an increase of 1.8%. As for the price of 100% broken rice, which is considered the finest type of rice in the world, the price per ton reached $648.8 during the month of January 2024, compared to $629.5 during the previous month, an increase of approximately 3%. The demand for rice is increasing annually. According to FAO studies, during the years 2021 and 2022, global consumption of this strategic crop increased to reach about 520 million cubic meters, compared to about 437 million in the years 2008 and 2009. Studies also revealed that the rice crop faces a major ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.