In spite of fears about sustained limits, the stock ranges are well previously mentioned the government's buffer inventory norm, supplying hope for a potential relaxation of export constraints.
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West Africa, a significant purchaser of Indian rice, is anticipated to encounter subdued demand due to price sensitivity. In 2023, anticipating export curbs, a lot of customers in West Africa imported massive volumes of rice.
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Regardless of delivery disruptions within the Red Sea, exporters believe that Basmati exports will adjust to the new truth without having major disruptions.