Over the past year rice has beaten corn and soybean in exports, but that is soon to change as India restarts exports of non basmati products after lifting a ban. Buyers like Indonesia brought less than expected, "there is a short term fear that India may enter the white rice market" said Jeremy Zwinger, chief executive officer of The Rice Trader, a weekly industry report based in California. Still, “with Thailand staying strong on the price intervention, there may be a reversal of ideas as India sells quantity very quickly.” Read more ...
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