USDA forecasts both countries will import about 13 million tons as demand stays high.
Farmers say falling prices and slow sales now threaten incomes in Kenya’s largest rice growing region.
Saudi flour and feed producer records higher earnings while moving ahead with new milling projects in Riyadh and Hail.
Threats around the Strait of Hormuz raise energy costs and ripple through oilseed markets.
According to the latest industry assessments, the global parboiled rice market reached a valuation of approximately US$3.6 million in 2023 and is projected to grow steadily to US$5.2 million by 2030.