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The global rice trade has experienced a sharp uptick, driven by rising consumption, policy shifts, and record production. With global rice consumption projected to reach 530mMT in FY25, up from 522mMT in FY24, demand remains robust across key markets.
IndusInd Bank reported discrepancies in its derivative portfolio pertaining to transactions done over the past 7-8 years. During the internal review of the trade book in derivative portfolio in October 2024, the bank found some discrepancies.