Event Details
The inaugural SS Rice News Network 2023 event brings us to Bangkok for an opportunity to understand the rice market developments over the last 12 months, starting from India's ban on broken rice in Sep 2022 to the more recent Indian ban on white rice exports (20 Jul 2023) and 20% duty applied for parboiled rice exports (25 Aug to 16 Oct 2023), with a domino effect on global markets. What have we seen so far? We could start to say Myanmar joined India with it's own 1 Sep to 15 Oct 2023 ban on rice exports, but what next?
- India's policy changes that have seen broken rice exports banned, and a more recent July 2023 ban on non-basmati white rice, restriction on parboiled rice with 20% duty and minimum export price (MEP) of basmati.
- El Nino and weather concerns are a growing concern globally.
- Price rises across all Asian origins have risen. so what can we expect in markets ahead? What are the key concerns that will shift trends?
This is the seminar to deliver a market update that collates the developments over the last 12 months, and provides an insight to what we can expect for the year ahead:
- Will India restrict rice trades further? Could other follow? How about humanitarian rice exports?
- Can Pakistan, Myanmar and Thailand crops ahead cover the slack from a more limited Indian offering? What is the right price?
- What can the 2024 rice trading market expect? After the India situation is clearer, and with more exports and supplies seen coming from Pakistan and Myanmar in 2023/24 seasons, how will the balance between supply and demand look?
This is an excellent forum for discussion on the above, and networking with the trade, from across the supply chain and as we navigate the roads ahead. Our panel of industry leaders offer first hand insights, while we provide the market analysis. Join us for a unique mix of intelligence exchange and peer networking!
Book your hotel room at Athenee Hotel for S S Rice News Network - Bangkok, 19 October 2023
