At +31% over one year, the global price of rice is at its highest in 15 years

World rice prices reached their highest level in 15 years in August, increasing 9.8% over one month after India's export restrictions, the United Nations said on Friday. for Food and Agriculture (FAO). World food prices as a whole fell slightly last month (-2.1% compared to July), driven down by the decline in the prices of cereals, vegetable oils, meat and products. dairy. After a small rebound in July, the FAO food price index started to decline again, falling by 11.8% compared to the same time last year, and by 24% compared to the peak in March 2022, just after the Russian invasion of Ukraine. +31% in August year-on-year But the prices of rice, the most consumed cereal in the world alongside wheat, are directly affected by the decision taken on July 21 by New Delhi to ban the export of non-basmati white rice (around a quarter of its usual exports of rice). The objective is to preserve enough of this product for its inhabitants and to limit price increases, the prices having ...