Asian rice market has recovered

Currently, the top three rice exporters in the world are India, Thailand and Vietnam. These three countries are the main import sources of rice to buyers in Asia and Africa. The epidemic has affected the rice exports of three countries. The price of the product has gone up in the Indian and Thai markets in the last week. Rice prices in India have risen to the highest level since May 2018. In Thailand, on the other hand, rice is being sold at 9 percent more than last December. News Reuters.

The global rice market is going through a multi-faceted crisis amid the ongoing global epidemic. Rising demand on the one hand, and limited supply on the other, have upset the market balance of the food product. Added to this is the supply crisis. Due to the crisis in cargo containers and cargo, rice exports by sea from various countries including India and Thailand are being delayed. All this has affected the price of rice. That is why the prices of food products are gradually increasing in the top exporting countries.

Sunbd/NJ