Pressure on Rice Prices Likely to Persist

24-Mar-2026 08:52 PM

New Delhi. Rice prices continue to face downward pressure due to robust domestic production and weak export demand. Rice exports are being hindered by the conflict between Iran and the United States, and rising shipping costs have made importers extremely cautious.

The government currently holds a massive stock of rice and is also receiving ample supplies from millers. Government procurement of the Kharif paddy crop has largely concluded, while procurement of the Rabi paddy crop is set to commence in April.

A declining trend in rice export offer prices is also being observed in Thailand, Vietnam, and other Asian supplier nations. A distinct advantage for India is the significant depreciation of the Rupee,

which is helping the country maintain its rice prices at competitive levels. If shipping charges were to decrease, India's rice exports could witness a substantial surge. African nations are keeping a close watch on the entire situation.