Latest News Live Updates: July 18, 2024

The price of Indian Basmati rice is set to become cheaper as exports have fallen, according to the latest news updates. The price of Indian rice exports has dropped even lower this week due to expectations that New Delhi might ease export restrictions following a record surge in stocks. Additionally, Thai rates have also decreased to an 8-month low due to softer demand and higher supply.

This news is significant for both consumers and the agricultural industry, as it could potentially lead to more affordable prices for one of the most popular varieties of rice in the world. The decrease in prices could also impact the global rice market and trade dynamics.

Stay tuned for more updates on this developing story as it unfolds.