In August, world prices continued to fall in the main export markets, except in the Western Hemisphere, where prices remained firm, especially in the United States. In Asia, the drop in Thailand was significantly strong where exportable supplies tend to increase with the arrival of the second harvest. At the
In Pakistan and Vietnam, prices also fell due to strong competition.
In India, however, it is unable to lower its prices due to the firmness of domestic prices and the revaluation of the rupee against the dollar. At the end of August, world prices began to stabilize and this trend should continue, at least until the arrival of the new main Asian harvest, announced at a slight increase of 0.5% in relation to 2016. World trade could, for its part , increase 6.5%, thus returning to the 2015 level.
In August, the OSIRIZ/InfoArroz index (IPO) fell 4.6 points, falling below the 200-point level, to 199.8 points (base 100 = January 2000) against 204.4 points in July. At the beginning of September, the IPO index tended to stabilize around 198 points.
Source: Agrolink
