The annual report from the State Commission for stock exchanges and markets reveals a significant increase in the price of rice since 2020, peaking in 2022 and continuing to rise in 2023. The price in 2023 is 17% higher than the average price in 2022, marking the highest price from 2016-2023. This trend is mirrored internationally, with global rice prices in 2023 being 21% higher than the previous season, due to concerns over El Niño weather events and export restrictions from India.