Prices rule near two-year lows on slack demand in Africa, South-East Asia
The global rice market continues to be in the grips of bears, with prices ruling almost unchanged or undergoing minor changes over the past 3-4 weeks.
Industry sources say the demand has been slack in Africa and South-East Asia. Buyers and sellers are exercising caution in trade.
“There should not be any misconception about a near-term recovery or a surge in prices in Africa, particularly Benin. All stakeholders have turned cautious,” said Rajesh Jain Paharia, a New Delhi-based trader.
© Copyright 2025 The SSResource Media.
All rights reserved.