As we step into April 2025, the global rice market is witnessing a notable upswing in prices, driven by a confluence of factors that suggest a tightening market and increasing demand. Key varieties such as Basmati are seeing price increases in major markets like India, with expectations of further hikes as domestic and international buyers intensify their activities.

Domestic prices in India have recovered sharply after a period of unjustified lows, with 1718 Sela rice climbing from USD 63.25 to USD 68.40 per quintal, and further increases anticipated. This recovery is mirrored in the movement of rice stocks across northern Indian states, indicating robust internal demand and strategic stock adjustments.

Internationally, Indian rice remains competitively priced compared to counterparts from Pakistan and Iran, fostering a healthy export environment. This scenario is bolstered by active trading in regions like Dubai and rising demand in Iran, where stock levels are critically low.

With the onset of warmer weather and a strong market sentiment, the outlook for rice prices remains bullish, particularly for premium varieties. This trend is expected to persist through April, supported by both fundamental and speculative market drivers.

📊 Market Overview: Current Prices and Trends

📉 Key Market Drivers

• Increased domestic and international demand for Indian rice.
• Competitive pricing relative to other major exporters like Pakistan and Iran.
• Strategic stock adjustments and movements in key Indian states.

🌦️ Weather Outlook: Impact on Harvest

Current forecasts indicate mild weather conditions across major rice-growing regions in India and Vietnam, which are expected to support ongoing harvesting activities and potentially enhance yield prospects.

🔮 Price Forecast: Next 3 Days

Given the strong market fundamentals and positive sentiment, rice prices are expected to maintain their upward trajectory in the short term, with specific attention to premium varieties like Basmati.