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World rice price index
August 10 , 2023
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- The FAO All Rice Price Index, reached an average of 129.7 points in July this year.
- It stands as the highest level observed since September 2011.
- Robust rice demand is among the key drivers behind the increasing rice prices.
- An additional factor is India’s recent decision to limit exports.
- Countries such as India, Thailand, Vietnam, Cambodia, and Pakistan are prominent rice exporters.
- Whereas China, the Philippines, Benin, Senegal, Nigeria, and Malaysia play a crucial role as rice importers.
- US, Thailand, Italy, Spain, and Sri Lanka are the noteworthy destinations for India’s non-basmati white rice exports.
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