LT Foods leads Indian rice boom as U.S. demand boils over — Panjiva
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LT Foods leads Indian rice boom as U.S. demand boils over

Ags - Grains/Beans 318 Consumer Staples 807 India 553 Iran 39 Thailand 145 U.S. 5404

Indian rice exporters are reportedly looking to negotiate their contacts with U.S. and other buyers due to rising shipping costs. Global exports of rice by Indian suppliers surged 39.3% higher year over year in the three months to July 31 despite a slump in shipments to Iran linked to sanctions. Exports to the U.S. jumped 72.0% higher, led by shipments linked to LT Foods. Total U.S. rice imports climbed 68.9% higher year over year in the three months to Aug. 31 and reached record highs in June and July. That may reflect suppliers including Ebro Foods and Otis McAllister looking to mee...

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