World rice market update: more trade, better weather, lower prices

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cg.authorship.typesCGIAR single centreen_US
cg.authorship.typesCGIAR and advanced research instituteen_US
cg.contributor.affiliationInternational Rice Research Instituteen_US
cg.contributor.affiliationFood and Agriculture Organization of the United Nationsen_US
cg.contributor.donorCGIAR Trust Funden_US
cg.contributor.initiativeForesighten_US
cg.coverage.regionAfricaen_US
cg.coverage.regionAsiaen_US
cg.creator.identifierDavid Dawe: 0000-0003-2804-3283en_US
cg.creator.identifierValerien Pede: 0000-0002-0178-6602en_US
cg.creator.identifierRonald Jeremy Antonio: 0009-0003-5438-9939en_US
cg.edition2024en_US
cg.howPublishedGrey Literatureen_US
cg.identifier.urlhttps://ricetoday.irri.org/world-rice-market-update-more-trade-better-weather-lower-prices/en_US
cg.placeLos Banos, Philippinesen_US
cg.reviewStatusInternal Reviewen_US
cg.subject.actionAreaSystems Transformationen_US
cg.subject.impactAreaPoverty reduction, livelihoods and jobsen_US
dc.contributor.authorDawe, Daviden_US
dc.contributor.authorPede, Valerien Olivieren_US
dc.contributor.authorAntonio, Ronald Jeremyen_US
dc.date.accessioned2025-01-24T15:00:29Zen_US
dc.date.available2025-01-24T15:00:29Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/169848en_US
dc.titleWorld rice market update: more trade, better weather, lower pricesen_US
dcterms.abstractGood news: the recent developments in the global rice trading environment and improved weather conditions have lowered world market prices. As these factors lead to lower domestic prices, consumers will find it easier to afford a healthy diet. Improved trade World prices are now back to levels last seen before India’s restrictions were imposed in July 2023 (see the latest data point in Figure 1). This shift is largely influenced by the major rice trade policy changes in both the world’s largest exporter (India) and the world’s largest importer (the Philippines) in the past months. Beginning in late September and continuing over the succeeding weeks, India removed nearly all restrictions on rice exports in the face of large domestic stocks and prospects for an excellent forthcoming crop. These restrictions included a ban on non-basmati non-parboiled rice exports (with some exceptions for countries that needed imports for food security), a minimum export price on basmati rice and an export tax on parboiled rice, paddy, and husked rice.en_US
dcterms.accessRightsOpen Accessen_US
dcterms.audienceCGIARen_US
dcterms.audienceGeneral Publicen_US
dcterms.audiencePolicy Makersen_US
dcterms.bibliographicCitationDawe, David, Valerien Olivier and Ronald Jeremy Antonio (2024). World rice market update: more trade, better weather, lower prices. Rice Today, December 14, 2024. International Rice Research Instituteen_US
dcterms.issued2024-12-14en_US
dcterms.languageenen_US
dcterms.licenseCC-BY-NC-ND-4.0en_US
dcterms.publisherInternational Rice Research Instituteen_US
dcterms.subjectmarket pricesen_US
dcterms.subjectpricesen_US
dcterms.subjectfood securityen_US
dcterms.subjectriceen_US
dcterms.typeNewsletteren_US

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