18 Hrs
Source:
الاقتصادية
Source: الاقتصادية
18 Hrsالاقتصادية
Source: الاقتصادية
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The benchmark price for Asian rice has neared its highest level in nearly two years, as El Niño-related drought threatens crops in South and Southeast Asia, where more than half of the world’s rice is grown. The U.S. Department of Agriculture expects global production to decline for the first time in more than a decade. Thai white rice reached about $499 per ton, while rice futures in Chicago have risen more than 80% since the start of the year. The impact of higher prices is already being felt in the Philippines, where prices rose 21% year over year in October, heightening concerns about worsening food inflation.
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