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Global grain crisis, countries that increase rice consumption

Rice
Published Jul 1, 2022

Tridge summary

Wheat and corn prices are stable compared to soaring

Original content

An Egyptian farmer using his horse to cultivate rice in a paddy field. AFP Yonhap News “Thank you, rice” As the war broke out in Ukraine, which is considered one of the world's breadbaskets, the price of major agricultural products exported by the country, such as wheat, corn, and sunflower seed oil, soared. . It is noteworthy whether rice will help in part in resolving the global food crisis. On the 29th (local time), it was reported that the situation in Asia, where rice is a staple, is less bleak, as the price of major international grains has surged following Russia's invasion of Ukraine. According to World Bank grain market data, the price of rice in January this year before the Ukraine war was $395.94 per ton based on long-grained seeds from Vietnam, but rose slightly to $406.45 in May. On the other hand, wheat prices nearly doubled from US$332.06/t in January this year to US$650.66/t in May based on soft wheat produced in the United States. The ...
Source: Hani
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