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According to Platts, a division of S&P Global Commodity Insights, the price of India’s 100% broken rice is under downward pressure following Senegal’s decision to suspend rice imports for one month.
Platts reported that the price of India’s 100% broken rice on November 20 stood at $298 per ton, a $6 per ton decrease compared to the previous month. This decline is attributed to the potential diversion of shipments bound for Dakar to other markets due to the suspension.
Senegal, which imports approximately 1.65 million tons of milled rice annually to meet about 70% of its domestic demand, implemented the suspension to address oversupply. Domestic rice reserves have doubled from three to six months, posing challenges for farmers in selling their harvests. A trader in Dakar noted, “Senegal previously held a three-month rice reserve but now must maintain a six-month supply due to increased imports.”
In the first five months of the 2025 fiscal year, India’s rice exports to Senegal reached 230,195 tons, a 25% increase year-over-year. Senegal’s Ministry of Commerce and Industry has set a factory gate price of 350 CFA/kg to protect local farmers while maintaining affordable prices for consumers.
Traders in Delhi observe that the import suspension has significantly reduced demand, potentially redirecting shipments en route from India and further lowering broken rice prices. Domestic factors in India also contribute to price fluctuations.
The allocation of broken rice for ethanol production has decreased due to revised government policies, while new procurement rules are expected to increase broken rice supply by approximately 15%. An ethanol producer in Karnataka commented, “Broken rice prices will continue to adjust as more rice is allocated for ethanol production from sugarcane and corn.”
In Pakistan, despite reduced demand from Senegal, the domestic 100% broken rice market remains supported by livestock feed demand. Domestic broken rice prices range from 83.5 to 84 Rupees/kg, equivalent to $322 per ton FOB. Platts assessed Pakistan’s 100% broken white rice at $312 per ton FOB on November 20, a $13 per ton increase from the previous month.
Traders in Dakar anticipate that Senegal’s import suspension will last only one month, ensuring sufficient reserves ahead of Ramadan, when broken rice demand typically peaks. Senegal primarily imports broken rice from India for its competitive pricing and sources a smaller volume of fragrant rice for premium consumers.
Globally, S&P Global Energy CERA forecasts that India will export 24 million tons of rice in the 2025-26 fiscal year, a 7% increase from the previous year.
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