The Price of Plenty: India’s rice surplus and global market effects
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en
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Internal Review
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Mirzabaev, Alisher and Jeremy Zwinger (2025). The Price of Plenty: India’s rice surplus and global market effects. IRRI Rice Market Briefs No. 1, September 3, 2025. Los Baños, Philippines: International Rice Research Institute.
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• India’s public rice reserves are currently nearly three times the official buffer norms, creating high warehousing and fiscal strains. • This oversupply situation in India will have massive global effects on the rice industry. • Following the end of India's export ban in 2024, prices in the rice market have already fallen by about $200 per metric ton, with challenges now emerging to find buyers even at these reduced prices.
Author ORCID identifiers
Alisher Mirzabaev https://orcid.org/0000-0002-5223-7160