Broken rice export curbs loom as prices top $360/tonne: IREF

The Indian Rice Exporters' Federation (IREF) has warned that broken rice exports may face fresh government restrictions as global prices cross $360 per metric tonne. Domestic wholesale prices rose 5.3% in three weeks, driven by rising demand from ethanol manufacturers and poultry feed industries competing with exporters. IREF urged stakeholders to exercise caution on forward contracts.