Rice Prices 2024. In nigeria, the cost of rice increased 61% from september through november. Fast forward to march 2024, where the then current november rough rice futures contract was trading at $14.66/cwt.
The global rice sector will return to net surplus with 4.9 million tonnes in the 2024/25 season with higher production, according to bmi’s projections, after three. That’s 25.3% higher than last year, and almost 2.5times the promised.
Department Of Agriculture Forecast The Nation Would Import 2.1.
December 20, 2023 at 8:59 pm pst.
Based On A Survey Conducted During The First 2 Weeks Of March, U.s.
According to local traders, rice prices are expected to remain high in 2024 due to the current supply and demand.
Rice Increased 1.35 Usd/Cwt Or 7.70% Since The Beginning Of 2024, According To Trading On A Contract For Difference (Cfd) That Tracks The Benchmark Market For This Commodity.
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The Fao Rice Price Update Is Released On A Monthly Basis, Providing Updates Of Rice Export Prices From Major Origins And The Fao All Rice Price.