
Rice Rises to 3-Month Highs

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Rice futures have surged to three-month highs, trading above $10.7 per hundredweight due to tightening supplies. In India, rising paddy costs and government procurement have increased export prices, while Brazil faces limited spot liquidity as producers focus on exports. Despite these localized supply constraints, the global rice outlook remains stable, with the USDA forecasting a milled rice trade of 62.8 million tons and production of 541 million tons for 2025/26.
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