In July, world rice prices declined by an average of 2%, mainly due to the sharp contraction of Thai and Pakistani prices, from 5% to 7% compared to June. Import demand tends to ease, especially in Africa where importers are looking for cheap rice. In Vietnam, prices fell by only 1% in a very dynamic foreign market. On the other hand, Indian prices rebounded by 1% on the back of strong external demand. In addition, there are concerns about India's future availability due to extreme weather conditions. However, Indian prices remain the most competitive in the market.
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In July, world rice prices declined by an average of 2%, mainly due to the sharp contraction of Thai and Pakistani prices, from 5% to 7% compared to June. Import demand tends to ease, especially in Africa where importers are looking for cheap rice. In Vietnam, prices fell by only 1% under a very dynamic foreign market. On the other hand, Indian prices rebounded by 1% on the back of strong external demand. In addition, there are concerns about India's future availabilities due to extreme weather conditions. However, Indian prices remain the most competitive on the market. In the Western Hemisphere, prices show mixed trends. In Argentina and Uruguay, export prices remain firm, stimulated by regional import demand. In contrast, Brazilian prices declined because of the decline in the real against the dollar. In the United States, prices were also falling. In early August, Asian markets point to contrasts. Thai and Indian prices tend to recover, while in Pakistan, prices started to ...
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