In India, the rice stockpile is three times the target

In India, the rice stockpile is three times the target, ensuring no shortage in the market. The beginning of August saw India's rice stock exceed its target by nearly threefold, as reported by government sources. The upcoming new season's harvest, expected by October, will further bolster the market's prospects.

In fact, the world's largest rice exporter imposed a surprising ban on the export of its largest category, non-basmati white rice, last month, resulting in prices reaching multi-year highs.