Sunday, October 08, 2023

Rice Price inflation

Bad news! Rice prices are seriously elevated!

"Prices of rice, a major staple for Asia, have soared over the past months due to floods, heat waves and other extreme weather conditions affecting the rice production, adding to the food inflation that has already hit households and businesses in the region. The world's top rice exporter, India's decision to ban exports of non-basmati white rice starting in July has also shocked the market." (Source)

FAO Rice Price Update | FAO | Food and Agriculture Organization of the United Nations



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