World: Let's press the rice

The turbulence in the rice market in recent months calls out for analysis. India's drastic step is not only important in connection with the protection of its domestic prices and its impact on the world market, but also carries a message for us. It can also help in our wayfinding and thinking about Hungarian plant cultivation. Rice is a basic, global food, from which about 10 percent of the crop is sold on the world market. It adds weight to the fact that in a significant part of developing countries, the rise in the price of basic food directly increases the number of hungry people. Compared to the domestic rice consumption per capita of 6.5 kilograms, the largest consumers have rice consumption per capita of 160-260 kilograms, which indicates how much exposure they have to this crop. India accounts for 40 percent of global exports. India, the world's largest rice exporter, banned the export of non-basmati white rice in July and August this year. As it has since lifted ...