Italy: Rice consumption soars without wheat, with prices + 21%

Published 2022년 5월 14일

Tridge summary

The article highlights a significant increase in rice prices on the international market, with a 21% rise over the past year attributed to the war between Russia and Ukraine and India's grain export ban. This situation deepens the global food crisis, affecting poor consumers and raising concerns about potential bread riots. With rice being the world's most consumed cereal, the price surge is exacerbating food poverty, leading countries to replace wheat with cheaper alternatives for food production. The rising costs of energy and fertilizers, coupled with drought conditions in Italy, which is a major rice producer, are causing production challenges and the need for cost-lowering strategies through supply chain agreements. These agreements aim to enhance national productions and ensure equitable value distribution across the production chain, addressing the growing challenges in food poverty both in Italy and globally.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of rice flies internationally where it has recorded a 21% jump in the last year due to the collapse in grain shipments caused by the war between Russia and Ukraine after India also blocked grain exports. This is what emerges from the Coldiretti analysis based on data from the Chicago stock exchange (Cbot) disclosed on the occasion of the "We laughed at something serious" initiative which takes place over the weekend from the Campagna Amica market in via San Teodoro 74 in Rome throughout Italy (program www.campagnamica.it) with the rice packs of the Focsiv solidarity, 100% Italian FdAI - Italian Agricultural Supply Chain, in various squares in Italy. India's decision aggravates the world food emergency since it is the second world producer of wheat with the aim of exporting 10 million tons in the course of 2022 which now - underlines Coldiretti - will be missing from the market with price increases that mainly affect poor consumers with the risk of new bread riots such as ...

Source: Coldiretti