India’s rice exports drop on weak global demand.
India’s rice exports fell nearly 60% in April-May 2025 due to weak global demand and high inventories among buyers. Prices have dropped to multi-year lows, with 5% broken white rice hitting a five-year low of $384/tonne. Despite lifting export curbs in late 2024, the global rice market remains oversupplied, depressing prices. Surplus production and record…