“Global rice prices have tumbled to their lowest level in eight years, in a blow to many farmers across Asia, as record harvests and the ending of export bans in India flood the market with supply.

Export prices for Thai 5 per cent broken white rice, the global benchmark, have dropped to $372.50 per tonne in recent days, a 26 per cent decline since late last year and their lowest level since 2017. That extends a slide that began after India, the world’s largest exporter, started lifting restrictions on shipments in September 2024.”

From Financial Times.