Huge Indian inventories expected to put pressure in the market, says trade
Rice prices in the global market have increased marginally in the past couple of weeks, but the trend is unlikely to continue in view of surplus supplies, trade sources said.
Moreover, there is a temporary setback to Indian shipments to Senegal as importers’ licences in the African nation have expired.
“Rice prices have increased slightly, but huge inventories in India are likely to put pressure on the prices,” said New Delhi-based exporter Rajesh Paharia Jain.
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