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Rice futures traded above $17 per hundredweight, staying close to their highest level since July 2024, amid mounting supply cooncerns.Global rice prices are facing upward pressure as adverse weather threatens production and disrupts supply chains across major Asian exporters. In India, rice output is forecast to declin
Rice futures traded near $16 per hundredweight, holding close to their highest level since July 2024, amid expectations of tighter supply. While global rice supplies remain ample, erratic weather and below-normal monsoon rains in major Asian producers continue to cloud the supply outlook. Top exporter India is on cours