Rice prices surge up to 14%! Indian traders are rushing shipments to Bangladesh; here's why
Following Bangladesh's decision to allow duty-free rice imports, Indian rice prices have surged by up to 14% in two days. Traders are rapidly exporting to Bangladesh, causing a temporary domestic supply disruption and pushing up retail prices of key varieties. Despite increased exports, India's rice stocks remain robust, potentially aiding market recovery from a global price dip.
Following Bangladesh's decision to allow duty-free rice imports, Indian rice prices have surged by up to 14% in two days. Traders are rapidly exporting to Bangladesh, causing a temporary domestic supply disruption and pushing up retail prices of key varieties. Despite increased exports, India's rice stocks remain robust, potentially aiding market recovery from a global price dip. What's Your Reaction?
