ARTICLE 4 #RiceMarket

India continues to strengthen its role in global rice markets. A strong procurement drive has supported export growth, helping rice shipments remain competitive even as global prices fluctuate.

Rice export supply is mainly drawn from the Mekong Delta region and parts of Tay Ninh province, which together account for the majority of commercial rice production.

Indian rice export prices edged lower this week, pressured by a depreciating rupee and subdued buying interest from key overseas markets. Traders said the softer currency helped exporters stay competitive, but limited fresh demand capped any upside in prices.

The latest developments highlight the interconnected nature of Southeast Asia’s rice market and the delicate balance between domestic supply, export demand, and regional trade policies.

The Asia‑Pacific rice market, valued at nearly USD 449 billion in 2024, is expected to sustain long‑term growth in both volume and value through 2035, led by robust consumption in major markets and dynamic regional trade flows.

This growth is supported by government initiatives to strengthen food security, improve agricultural productivity, and stabilize rice supply. However, the market also faces challenges such as climate variability, rising input costs, and supply chain disruptions.