Summary: Global rice prices, which plummeted to multi-year lows, are unlikely to fall further due to India’s strengthening currency and bulging stockpiles. While lower prices benefit consumers, they further squeeze Asian farmers’ earnings. India’s expected record exports, driven by a bumper crop and favorable monsoon forecast, will likely cap any rebound in prices, impacting rival suppliers like Thailand and Vietnam.

Link: https://www.channelnewsasia.com/business/global-rice-prices-have-hit-floor-indias-supply-glut-will-smother-any-gains-analysis-5113516