Anatomy of the rice price hike | The Manila Times
SOARING rice prices can be attributed to three related events that are products of flawed policy decisions made by politicians and agriculture officials.
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SOARING rice prices can be attributed to three related events that are products of flawed policy decisions made by politicians and agriculture officials.
Region’s millions depend on rice for 50% to 70% of their calorie intake.
The kitchen budget has deteriorated due to inflation around the world, meanwhile, the ban on rice exports by India for the last few days has caused a stir in the world. Over the past week, India imposed more restrictions on boiled and basmati rice, pushing rice prices in Asia to a 15-year high on Wednesday.…
India's restrictions on rice exports have caused panic in the global market, with rice prices in Asia nearing a 15-year high. The anxiety over supply is justified as rice is a vital food source for billions of people. The onset of El Niño threatens to further disrupt the market, and if Thailand and Vietnam follow India's lead in imposing export controls, world rice prices could surpass $1,000.