Asian Rice Price Climbs Near 2-Year High in Inflation Threat
4 Articles
4 Articles
Asian rice price climbs near 2-year high in inflation threat
The El Nino weather phenomenon underway is one of the most powerful on record and linked to drier conditions across much of South and Southeast Asia. (EPA Images pic)BANGKOK: A benchmark Asian rice price climbed to the highest in almost two years, threatening to accelerate food inflation as the El Nino weather pattern disrupts production of the staple grain. Farmers across much of Asia are in the midst of harvesting the grain, and drier-than-usu…
Asian farmers are entering the rice harvest season, but dry weather has affected crops in major producing countries, including India, the world's leading rice exporter. Indian rice prices have reached their highest level in over a year. Vietnamese rice prices have hit a 22-month peak amid supply concerns. Export rice prices are rising, fueling expectations of a recovery in import demand.
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