Senegal, which imports approximately 1.65 million mt of milled rice annually to cover about 70% of its domestic demand, paused imports to reduce local oversupply.
Thai rice output in 2025-26 is projected at 20.48 million tonnes, only slightly below the previous year and still ranking as Thailand’s fourth-largest harvest on record.
CEO and cofounder Palash Jain said that Kiara processes 100% locally sourced paddy rice, yet still faces acute supply constraints.
Farmers say that there are more than 1 million metric tons of paddy rice lying unsold in warehouses and on farms nationwide
The sharp fall in Nigerian market prices is squeezing traders who held long positions earlier in the year expecting carry-over Q2-Q3 price strength.