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Towards new tensions in world rice markets

Updated Sep 19, 2022
According to the latest FAO estimates, world rice production in 2021 increased by 1.7% to 791.4 Mt (525.5 Mt beneficiary base), against 778.6 Mt in 2020.
In August, world rice prices decreased again by an average of 1.5%, mainly influenced by the fall in Vietnamese and Pakistani prices. In contrast, Thai prices strengthened by 2% thanks to the recovery of the bath against the dollar. Import demand was generally subdued, except in Bangladesh, where import needs are increasing to supply inventories and mitigate inflationary pressures in domestic markets. In late August, the world market was under friction, which was exacerbated in early September by India's announcement to ban broken rice exports, which account for 20% of Indian rice exports, and to levy a 20% tax on rice. all rice categories except parboiled and basmati rice. These measures aim to reduce pressure on domestic prices. In the past, such restrictions had a strong impact on world prices, as during the first half of 2008. However, the current context is very different. More than three quarters of the world's expected exports in 2022 have already been realized. ...
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