Basmati market getting hot
Prices have been rising steadily because of lower harvest and export demand
If wheat is a ‘happening’ market in India, rice can be termed as its relatively quiet cousin. Unlike wheat, rice has not witnessed much volatility or tightening of market fundamentals, thanks to a geographically-spread, large production base and government procurement of a third of the annual output for buffer stocks and welfare programmes. To be sure, India is the world’s second-largest producer ...
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