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Guyana sees record rice crop amidst falling global prices

Times Staff Guyana’s rice sector is poised for another record harvest in 2025, but while farmers and millers are celebrating strong yields, the international market is proving less favourable, with falling prices and a global glut creating serious challenges for exporters. President Dr. Irfaan Ali on Tuesday said that global rice production is at an […]

Global rice production forecast for 2024/25 raised to record high

Global rice production for the 2024/25 season has been revised upwards by 3.1 million tonnes to a record 535.8 million tonnes (milled basis), nearly 3% higher than last year. According to the Rice Outlook: April 2025 report by the United States Department of Agriculture (USDA), global ending stocks for 2024/25 have been increased by 1.7 […]

India’s Rice Export Policy Sends Shockwaves Through Global Market

India’s decision to lift rice export bans has led to steep price declines worldwide and altered trade dynamics. The global rice market is currently experiencing significant upheaval due to recent policy changes implemented by the Indian government. India, the world’s largest rice exporter, recently lifted two bans on rice exports, prompting sharp fluctuations and price […]