Weather key to rice supplies in 2023 amid forecasts of El Nino
SINGAPORE: Asia’s rice output is set to climb this year as higher prices spur farmers to expand acreage and use more fertiliser, easing supply concerns after production suffered its first decline in seven years in 2022.
Production from recently harvested off-season rice crops in India and Thailand, the world’s top two exporters, has exceeded last year’s levels, and farmers are gearing up for main crops to be planted in coming months, with prices hovering near two-year highs.
Major northern hemisphere producers, including India,…
