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Rice Prices Set to Keep Rising

Date Published: 
10/24/2011
Summary: 

With Thai and Vietnamese prices rising, India has already become a significant global supplier, offering rice in a recent Iraqi tender and to the United Nations' World Food Program. Officials have said India will export at least two million tons of ordinary rice over a period of four to six months—but inland transportation and port constraints may limit the country's overall monthly exports including premium Basmati grades to 500,000 tons a monht, the consultant Mr. Zwinger said.