36.6 C
Bangkok
Saturday, May 4, 2024

Global rice shortage predicted in 2023 as war, weather take toll

play

In 2023, the global market for rice could face its biggest shortage in decades, according to industry analysts.

Production of rice is dropping and the industry is expected to experience its largest deficit between supply and demand in 20 years, according to Fitch Solutions, a credit ratings agency recognized by the U.S. Securities and Exchange Commission.

Rice prices have already been high since the start of the COVID-19 pandemic and the expected shortage means prices will likely remain high, CNBC reported.

Falling…

Read more…

Latest Articles