Race to secure 2025 rice crop heats up, lifting prices
14 days ago
- #agriculture
- #market trends
- #rice supply
- Early shipments of rice from the 2025 harvest have reached the market, raising concerns about supply, demand, and prices due to extreme weather conditions.
- Competition to secure new-crop rice is increasing, leading to higher provisional payments to growers, surpassing last year's levels.
- In 2024, rice was in short supply, with major intermediaries like Zen-Noh securing significantly less rice, down 340,000 tons year on year.